Wrote a blog post on how the supply chain and pandemic is making everything more expensive. To do this, I researched the situation and summarised the information into an easily digestible infographic, with facts and charts for citation.
TL;DR: Covid shut down the world.
1. Panic buying ensued - low stock + more online shopping.
2. Pandemic affected number of people working in shipping/logistics due to protective measures and people falling sick. Companies jack up prices due to increased demand and lower supply of containers available.
3. Currency exchange rates fluctuated affecting lower-income nations who produced the goods (who are also impacted by the pandemic).
All three lead to price increases across the board.