pandemic. when the pandemic first hit you will remember it started in china, it worked its way from east to west. with the new variant we now have the sort of the opposite phenomenon where its caught fire in europe and the u.s. and now moving to china. all of this has created something that economists are actually calling a bull whip economy now. if you think about when you crack a bull whip and you get a wave and dislocations that are not the same in different places at different times. so, you know, we ve seen supply chain problems throughout the course of the pandemic, sometimes they will resolve in one part of the world, asia, let s say, and they re still continuing in the u.s., or vice versa. all of it is disrupting these very efficient global supply chains that we have had for the last half century or so, and they come with their own problems, but they re also making countries really and regions really reconsider whether they want to go back to the old system. we re seeing a lo
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