Global supply chain problems can last "Several months" Due to a mismatch between supply and demand, as well as a shortage of containers, the director general of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, warned on Tuesday.
In an interview published in the newspaper "Financial times", Okonjo-Iweala indicates that the economic stimuli that many countries have injected to overcome the paralysis of the pandemic have contributed to skyrocket consumer demand.
"When I talk to entrepreneurs, there is some panic about the impact this year on the supply chain"said the Director General of the WTO, stressing that shipping companies had not anticipated the strength of the post-pandemic economic recovery.
"They reduced the availability of containers and stored them (during the pandemic) in the wrong places, so now there are not enough", Held.
The head of the international organization warned at the same time that the differences in the vaccination rates of different countries have created a worldwide recovery of "Two levels", which aggravates frictions in global trade flows.
Rich countries "They have vaccinated more than 50 percent of their population and applied billions of dollars in fiscal stimuli, putting them on a better path to recovery than the poorest countries.", he pointed.
Okonjo-Iweala was still optimistic about the possibility that a trade war between the United States and China will hit global growth.
"Listening to the rhetoric of both countries can be perceived a lack of coupling, but the evidence we see on the ground regarding trade does not support that theory", considers the director of the WTO.
He further considers that even if the great powers of the world tried to reduce their mutual commercial dependence, they would encounter difficulties. "It is not so easy to dismantle supply chains, in many products they are enormously complex", he claimed.
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