1. World problems
  2. Long-term shortage of commodities

Long-term shortage of commodities

  • Shortages of supply of goods
  • Limited availability of commodities
  • Insufficient availability of goods

Nature

From tea to black oil, nutmeg to tulips, saltpeter to coal, commodities have been a backdrop to every major exploration, empire, and war, often altering the course of history.  Whether from demand fluctuations, over-consumption or unrelated natural circumstances, like weather, scarcity of commodities raises an ever-present state of concern among those dependent on them.

Claim

The long-term shortage of commodities is a critical issue that threatens global stability and economic growth. As resources dwindle, prices soar, exacerbating inequality and fueling conflict. This crisis undermines food security, disrupts supply chains, and hinders sustainable development. Immediate action is essential to innovate, conserve, and manage resources responsibly. Ignoring this problem will lead to dire consequences for future generations, making it imperative for governments and industries to prioritize sustainable practices and equitable resource distribution.This information has been generated by artificial intelligence.

Counter-claim

The notion of a long-term shortage of commodities is overstated and largely a distraction. Innovation and technology continually evolve, ensuring that supply chains adapt and resources are utilized more efficiently. Markets are resilient, and human ingenuity consistently finds alternatives. Focusing on perceived shortages diverts attention from pressing issues like climate change and social inequality. Instead of fearing scarcity, we should embrace the potential for growth and sustainability that comes with a dynamic global economy.This information has been generated by artificial intelligence.

Broader

Shortage
Excellent

Narrower

Aggravates

Profiteering
Presentable
Rationing
Yet to rate

Aggravated by

Strategy

Value

Limitedness
Yet to rate
Shortage
Yet to rate
Insufficiency
Yet to rate

SDG

Sustainable Development Goal #12: Responsible Consumption and ProductionSustainable Development Goal #17: Partnerships to achieve the Goal

Metadata

Database
World problems
Type
(C) Cross-sectoral problems
Biological classification
N/A
Subject
  • Commerce » Merchandise
  • Commerce » Purchasing, supplying
  • Industry » Commodities
  • Societal problems » Scarcity
  • Content quality
    Unpresentable
     Unpresentable
    Language
    English
    1A4N
    C1195
    DOCID
    11311950
    D7NID
    149966
    Last update
    Sep 9, 2022