If you own a business, then you might be aware of the bullwhip effect, which is an important supply chain phenomenon first noted by MIT systems scientist Jay Forrester. Even if you have never heard of ...

From computer chips to chicken wings, the pandemic has led to shortages across the economy. One reason they’ve been so severe and so widespread is an economic phenomenon known as the “bullwhip effect.

The shocks of the pandemic economy gave us a bunch of enormous natural experiments, which helped to prove or disprove conventional economic thinking. Take, for example, the bullwhip effect, the idea ...

Everything was about shortages in 2021. COVID vaccine shortages at the start of the year were replaced by fears that we would struggle to buy turkeys, toys, or electronic gizmos to put under the ...