PLEASE ANSWER THE QUESTION 1

CASE TEXT (for Questions 1 & 2) QUESTION 1: Explain how labour shortages is influenced by politics, leading to the supply chain crisis (10 marks) (Hint: You may discuss your answers by observing world governments policies related to businesses during the Covid-19 pandemic period, and how this resulted in labour shortages, and eventually the crisis. Although the crisis is global, it revolves around the U.S. and its trading partners, hence you may use the U.S. government as an example to illustrate your point). Type your explanation here. Maximum 250 words Number of words: State the number of words here. Select text, and go to Review - Word Count Supply Chain Crisis Hampering the Global Economy Of recent, there is a shortage of everything, ranging from general merchandise to food, resulting in panic and concerns that the issue may even prolong way past the Christmas season, where consumer spending is usually the highest in the majority of countries. The problem attributed to the supply chain crisis that is currently hampering the global logistics of goods. As you have learnt in Chapter 15, the supply chain concems the activities involved in getting the goods from their points of origins to the end customer. As the supply chain has become highly globalized, component parts are shipped from all over the globe, finished products go through many intermediaries, warehouses, distribution centres, ports before reaching customer. If any of these processes are disrupted, it will set off a chain reaction and stun the whole supply chain In 2020, Covid-19 lockdowns across the globe meant that factories are not producing, warehouses and distribution centres are empty, and people aren't really shipping much goods. However, in the months and year following the gradual reopening of the economy, the supply chain has become extremely crucial. Nonetheless in 2021, severe backlogs of cargo ships were experienced, effectively crippling the supply chain. As shown in Figure 1, cargo ships remained anchored and unable to dock And there are about a hundred of them when this case was written Among the main reasons for the supply chain bottlenecks are: labour shortages in a period of rising trade volumes. QUESTION 2: Explain how trading volumes are influenced by changing consumer behaviour, leading to the supply chain crisis (10 marks) (Hint: You may discuss your answers by observing changes in the world consumer purchasing pattems since the Covid-19 pandemic period, and how this affected trading volumes, and eventually caused the crisis). Type your explanation here. Maximum 250 words Number of words: State the number of words here. Select text, and go to Review - Word Count. Figure 1: Anchored ship at Long Beach, California Source: Forbes (2021, October 28). Case written by Hew (2021, October 31)