supply shock
Sudden availability crisis
A supply shock is a sudden, unexpected change in the availability of a commodity or resource that sharply affects its price.
An oil embargo, natural disaster, or pandemic can trigger a supply shock by disrupting production or distribution: The 1973 oil embargo caused a supply shock that sent gas prices soaring.
Negative supply shocks reduce supply and raise prices; positive ones do the opposite.
- shortageDeficient supply of necessities
- scarcityInsufficiency of something needed
- empty shelvesStorage with nothing stored
- inflationSustained price level increase
- disruptionForceful interruption of process
chip shortage · bottleneck · embargo · crisis · prices · price spike · surge · oil · oil crisis · OPEC · rationing · gas lines · panic · hoarding · panic buying · commodities · pipeline · drought
- market imbalancesshortage, surplus, glut, scarcity, oversupply
- economicsinflation, GDP, GNP, gross domestic product, gross national product
- economic crisisrecession, depression, collapse, downturn, contraction
- economic eventsjob loss, layoffs, inflation, recession, boom
- inflationinflation, CPI, price hikes, hyperinflation, cost-push inflation
- market risksmarket risk, market crash, market volatility, market correction, market panic