Understanding Global Supply Chains and Your Tinned Fish Imagine your favorite can of sardines. You pick it up at the grocery store, perhaps for a quick lunch or a flavorful addition to a meal. It seems simple enough, but that small can represents a vast, complex global network. This network, known as a supply chain,…

The Basic Idea of Supply and Demand To understand why a simple can of tinned fish might suddenly cost more at your local grocery store, we first need to understand a fundamental financial concept called supply and demand. Supply is the total amount of a specific good or service that is available to consumers. Demand…