Read the assigned Forbes article and summarize in at least 100 words.
This article from Bill Conerly talks about the inflation, supply chains, and globalization in 2022 and 2023. Conerly starts off the article with making sure the reader understands what globalization is and how supply chains have an effect on prices. With that in mind Conerly says that if globalization levels off we will see a the price levels stay lower. Which everyone likes to hear and see. Also, there is mention that businesses around the world are trying to de-globalize their supply chains. Many companies nowadays are willing to pay more if it means their supply chains will be safer.
Reflect on what we learned in the course, find at least one chapter in the textbook where we discuss the related topic, and explain how the chapter(s) is related to the reported event in the article. Do this in at least 100 words.
This article reminded me of Chapter 8 Foreign Economic Cycles: The Extra Worries of the Overseas Manager in our textbook. Since the main focus of the article was globalization and companies around the world looking to de-globalize it immediately made me think of this chapter. Companies are now realizing that it is worth the investment to have safer supply chains, and I believe Covid-19 helped companies notice it. Instead of having to keep up with the monetary policies around the world constantly companies can start focusing on building their products in their homelands. Sure it might cost a bit more, but if a global recession hits it would be a safer option for supply demands.