What are prospects for fixing disrupted global supply chains, Macroeconomics

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What are prospects for fixing disrupted global supply chains

Problem

Supply chain shortage in semiconductor chip for Caterpillar and John Deere. Explain how these disruptions have affected production costs, sales, and price levels of virtually all businesses. What are the prospects for fixing these disrupted global supply chains? Have such conditions actually forced some firms to go out of business? Any examples of which you are aware?

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