Over the years, the integration of global supply chains has served the world well. However, as the economy recovers, it is now under pressure.
Before a new bicycle hits the road or goes up the mountain, it usually has traveled thousands of kilometers.
High-end road bikes may be made in Taiwan, the brakes are Japanese, the carbon fiber frame is Vietnam, the tires are German, and the gears are mainland China.
Those who want something special may choose a model with a motor, making it dependent on semiconductors that may come from South Korea.
The biggest test of the world’s global supply chain triggered by the COVID-19 pandemic is now threatening to end hopes for the day ahead, paralyzing the international economy and pushing up inflation, which may push up official interest rates.
“It is difficult to explain to people who just want to buy a bike for their 10-year-old, let alone themselves,” said Michael Kamahl, owner of the Sydney bike shop.
Then there is the Australian Maritime Union, which has approximately 12,000 members and dominates the port workforce. Due to the high salaries and aggressive prospects of its members, the union is not afraid of long-term labor disputes.