> The price increases of late 2021 were triggered by the initial shock of March 2020 It was the biggest shock: panic lockdowns across the world, not just initi

> The price increases of late 2021 were triggered by the initial shock of March 2020 It was the biggest shock: panic lockdowns across the world, not just initial. Chances are that supply chains have been adapted, and current localized lockdowns in China will not make significant damage. But we will see.