Mexico City, Mexico, 10/09/2021 / EVM energía /
The economic recovery and the search for a more sustainable production model are causing instability in the energy market, affecting several nations.
After the increase in electricity costs in Europe, countries such as China and Brazil are joining the list. These are facing energy shortages since some of the raw materials used to generate energy are reaching an all-time high in prices. Thus, triggering production costs, and consequently, household consumption is becoming more expensive. So, the economic recovery is being put in jeopardy.
Given this scenario, the Supply Chain specialist, Manfred Mauricio Quintanilla Hernández, foresees different outcomes that depend on growth acceleration and whether inflation remains persistently steady or slows down.
“Faced with the effects of the pandemic, supply chains are suffering mainly in the United States and China, which represents more than 40% of the world’s economic production,” Quintanilla Hernández said.
Manfred Mauricio Quintanilla Hernández reports that this episode is due to the Delta variant. Once it fades, supply chain bottlenecks will give rise to the acceleration of growth while inflation decreases.
“There are similar scenarios, where inflation could remain high since the effects caused by Covid-19 may not be temporary. It could also be that while there is high inflation, there is slower growth in the medium term”, said the expert.
Finally, Quintanilla Hernández explained that alternatives such as the so-called “nearshoring” could be a tool for countries to face the shortage of products derived from these effects.
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Name – EVM energía
Email –contacto@evmenergia.com
Website URL – https://www.evmenergia.com
Phone: +52 (55) 7600 9996
City: Mexico City
Country – Mexico
Source: Story.KISSPR.com
