For the past decade, global supply chains have been running a seemingly normal path. However, when COVID hit its peak in March 2020, it exposed many of the vulnerabilities that have been affecting these networks.
The port blockages in LA are part of a chain of events that near inevitably ends up with Americans paying higher prices because goods can’t arrive on shelves fast enough.
The year 2020 was an unexpected and complex year for retail, maybe a “new normal”— with the K-shaped recovery where some retail sectors grew top-line sales by as much as 30%, while others declined by the same percentage or more.
For Raine Maida, lead singer and founder of alternative rock band Our Lady Peace, the cannabis and NFT retail verticals are natural progressions from the music industry.
