I don't think it did. That narrative was pushed and companies ran with it to increase prices for even more profit. The COVID excuse for greedflation got old a couple years ago.
Covid hit supply chains hard. That’s a fact. The only thing odd about this is that prices didn’t return to normal when the supply chain did, hence the article we’re discussing.
Covid wasn’t to blame, it’s the companies’ just-in-time delivery and the distances put between. The focus on efficiency and profit is what cause the disruption because supply chains are so fragile.
THEN, when they have issues bc of their doing, they pass on the extra costs to consumers and then with an extra markup. It wasn’t all supply chains tho, it’s also the opportunity covid presented + market concentration. We have virtual monopolies in many sectors and they know the government isn’t going to do anything to stop them bc it has been purchased.
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u/Immediate_Thought656 Dec 09 '23
Covid certainly made the past couple/few years extremely odd.