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Recession or Depression, the Key to COVID-19 Crisis Is How Long it Lasts

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

The global economy is headed for a severe downturn, if it isn’t there already, and its longevity seems to be the only question remaining. “In April, we had projected that the great lockdown of 2020 would be the worst recession since the Great Depression and the data that is coming in confirms that,” said Gita…

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