Prediction: When Will The Supply Chain Problem Ease?

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According to the New York Times, the supply chain disruptions go back as early as last year, at the beginning stages of the pandemic. 

Questions

  1. According to the article, what factors created the perfect storm in disrupting the supply chain?
  2. Why couldn’t the factories just produce more and help catch up the supply chain disruptions?
  3. According to the article, when will the shortages end?
  4. Why are new cars so hard to find?
  5. What type of cost impacts do these supply chain problems cause?

Source:

Goodman, P.S. (2021). How the Supply Chain Broke, and Why It Won’t Be Fixed Anytime Soon. The New York Times, Oct. 22 (Retrievable online at https://www.nytimes.com/2021/10/22/business/shortages-supply-chain.html)