Economics

War Tearing Trade Apart, Hitting Logistics, Prices and Supply

Tesla Inc. vehicles in a parking lot after arriving at a port in Yokohama, Japan, on Monday, Feb. 14, 2022. Japan is scheduled to release trade balance figures on Feb. 17.Photographer: Toru Hanai/Bloomberg

At the start of 2020, a global pandemic hammered the world’s economies and caused the worst disruption to the global trading system since World War II.

Then in 2021, historical swings in demand for physical goods roiled global supply chains and boosted container shipping rates to all-time highs.