By now, you’ve almost certainly seen headlines about the ongoing global supply chain crisis. From labor and equipment shortages to congestion and delays at shipyards, just about every vital component of the economy is feeling the effects. 

The crisis has had an undeniable impact on public sectors and private industry around the globe, and it’s begun to affect consumers in fundamental ways as well — particularly in the form of rising prices.

In this article, we’ll explore how global and domestic supply chains function and what causes crises like the one we’re currently experiencing.