The global economy's Achilles' heels

The global economy has faced a trifecta of crises—pandemics, war, and geopolitical upheaval—exposing deep vulnerabilities in global supply chains, according to a McKinsey report. Key goods rely on fragile supply routes with critical chokepoints like the Strait of Hormuz, raising concerns about the resilience of global trade. These findings underscore the need for more diversified and secure supply networks to prevent future economic disruptions.