ALL NEWS

Pandemic disruption behind widespread shortages

Jun 1, 2021, 4:28 PM | Updated: Aug 2, 2022, 12:40 pm
widespread shortages...
FILE - In this Wednesday, Nov. 4, 2020, file photo, a sign advising of the limit on purchases of paper products hangs on an empty shelf in a grocery store in southeast Denver. Stores are starting to look like they did this spring when the coronavirus pandemic started, with bare shelves and limits on what you can buy. (AP Photo/David Zalubowski, File)
(AP Photo/David Zalubowski, File)

PROVO, Utah– Widespread shortages continue as Americans emerge from the COVID-19 pandemic. Products ranging from lumber to computer chips to chicken wings are hitting businesses that weren’t prepared for the disruptions caused by the pandemic.

BYU economics professor Christian vom Lehn has been studying how disruptions in specific areas can lead to widespread problems in the economy and recently published a paper in the Quarterly Journal of Economics

“The pandemic has fundamentally shifted people’s patterns of consumption,” vom Lehn told KSL NewsRadio. “Those shifts are not shifts that existing supply chains were ready to quickly adjust to.”

The widespread shortages hit businesses that depend on “just in time” delivery of parts and ingredients especially hard. Vom Lehn says that could result in many of businesses thinking about keeping vital inventory on hand.

“So it’s possible that businesses may see the current state of global supply chains suggest it might be worth keeping more inventory in preparation for the next disruption,” he said.

But there’s some hope supply chain issues are working themselves out. Vom Lehn expects that many shortages to ease by the end of this year.

Today’s Top Stories

All News

People wait in line to enter Macy's department store during Black Friday in New York City on Novemb...
Jordan Valinsky, CNN Business

Online Black Friday sales set a new record

Online shopping is expected to remain strong through Cyber Monday.
10 hours ago
A pilot walked away uninjured after crashing a small plane near Durst Mountain in Mountain Green on...
Amie Schaeffer, Kate Davis

Pilot uninjured in Mountain Green plane crash

A pilot walked away uninjured after crashing a small plane near Durst Mountain in Mountain Green on Nov. 27, 2022.
10 hours ago
U.S. First lady Jill Biden receives the official 2022 White House Christmas Tree at the White House...
Kate Bennett, CNN

First lady Jill Biden chooses ‘We the People’ as theme for White House holiday decorations

Biden will officially unveil the holiday decorations and make remarks on Monday alongside leadership of the National Guard and their families.
10 hours ago
DOHA, QATAR - NOVEMBER 25: A giant flag of IR Iran on the pitch prior to the FIFA World Cup Qatar 2...
Ben Morse and Wayne Sterling, CNN

Iran calls for US to be kicked out of 2022 World Cup after it changes Iran flag on social media to show support for protesters

Iran state media has called for the US to be kicked out of the 2022 World Cup after the United States Soccer Federation changed Iran's flag on its social media platforms to show support for protesters in Iran.
1 day ago
Authorities in Washington County are investigating the discovery of the body of a 36-year-old man e...
Devin Oldroyd

UPDATE: Southbound I-15 lanes in Washington County reopen following closure

Utah Highway Patrol reports the partial closure of a portion of southbound I-15 in Washington County. This comes after a trailer rolled Sunday evening.
1 day ago
major storm...
Samantha Beech and Keith Allen, CNN

Thousands of US flights delayed Sunday as major storm system hampers travel

A major storm across parts of the United States prompts the three major airports servicing New York City to urge passengers to arrive early for flights
1 day ago

Sponsored Articles

Happy joyful smiling casual satisfied woman learning and communicates in sign language online using...
Sorenson

The best tools for Deaf and hard-of-hearing workplace success

Here are some of the best resources to make your workplace work better for Deaf and hard-of-hearing employees.
Team supporters celebrating at a tailgate party...
Macey's

8 Delicious Tailgate Foods That Require Zero Prep Work

In a hurry? These 8 tailgate foods take zero prep work, so you can fuel up and get back to what matters most: getting hyped for your favorite
christmas decorations candles in glass jars with fir on a old wooden table...
Western Nut Company

12 Mason Jar Gift Ideas for the 12 Days of Christmas [with recipes!]

There are so many clever mason jar gift ideas to give something thoughtful to your neighbors or friends. Read our 12 ideas to make your own!
wide shot of Bear Lake with a person on a stand up paddle board...

Pack your bags! Extended stays at Bear Lake await you

Work from here! Read our tips to prepare for your extended stay, whether at Bear Lake or somewhere else nearby.
young boy with hearing aid...
Sorenson

Accommodations for students who are deaf and hard of hearing

These different types of accommodations for students who are deaf and hard of hearing can help them succeed in school.
Young woman receiving laser treatment...
Form Derm Spa

How facial plastic surgery and skincare are joining forces

Facial plastic surgery is not only about looking good but about feeling good too. The medical team at Form Spa are trained to help you reach your aesthetic outcomes through surgery and through skincare and dermatology, too.
Pandemic disruption behind widespread shortages