The disrupted supply chains will also follow us into the second half of 2023.
Tough lockdowns in China, the Ever Given crisis and the Ukraine war – 2022 was a horror year for global supply chains. The disrupted supply chains will also follow us into the second half of 2023. Towards the end of the year, we can expect a slight easing of the situation – as long as another crisis such as a possible China-Taiwan war does not negatively impact the global economy again. However, it will still take several years before the flow of goods reaches pre-pandemic levels again. In addition, large chip factories are being built in Europe. Intel, for example, wants to build a huge chip factory in Magdeburg in eastern Germany, and the industry also expects Taiwanese chip giant TSMC to commit to a European location soon. All this helps to ease the chip shortage.