The global shortage of microchips has had a devastating impact on multiple industries, not least automotive manufacturers, who are expected to have lost some $210 billion in 2021 because they couldn’t get enough chips to drive the systems in their vehicles. But how did we get to this state of affairs?
Trade in agricultural products between the U.S. and Mexico is massive: the U.S. ships nearly $20 billion in farm exports to Mexico each year. But that relationship could be in jeopardy.
The $1.2 billion Infrastructure Investment and Jobs Act passed by Congress and signed into law by President Biden late last year has been heralded by some as the solution to the problem of how to repair and expand the nation’s crumbling and antiquated system of roads, rails, ports, airports and waterways. One can only hope.