Which term refers to global supply chain disruptions experienced widely following the COVID-19 pandemic and subsequent geopolitical conflicts?
A
Trade liberalization
B
Supply chain crisis
C
Currency devaluation
D
Tariff escalation
Correct Answer: Option B — Supply chain crisis
Explanation:
The global supply chain crisis refers to widespread disruptions in the production and movement of goods, intensified by pandemic lockdowns and later geopolitical conflicts affecting energy and food supplies.