ING is predicting:
- Supply chain frictions will start to ease, but not until well into 2022.
- No rush towards deglobalization in 2022: Firms generally expect a more normalized global economy within a year or so and that means they’re willing to take the current supply-chain issue pain now rather than move to areas where consumption is highest as such relocations carry significantly higher costs.
- Input shortages likely to remain a key theme in 2022, but oversupply could return.
(Source: Hellenic Shipping News Worldwide)