Global Supply Chains and Pandemic Prices

Hiccups in the global supply chains during the pandemic drove prices to record highs. In May this year, the U.S. consumer Price Index rose 5%, a 13-year record high. Mostly driven (one-third) by the price of used cars that rose 30%. New car sales rose past a record 7 million vehicles as dealer inventory fell to historical lows, while automotive manufacturers closed plants. The biggest reason: shortage of computer chips from contract manufacturers (foundries) in Asia. Experts predict high car prices will continue until 2023.

Both the problems and possible solutions are global and complex.

Come learn from expert and best-selling author Rosemary Coates, and ask your questions directly.

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