what kind of events cause supply shocks 
they can be anything from a natural disaster to an economic recession to a pandemic to an act of war or terrorism technological breakthroughs can also be a culprit as can political acts such as the 1973 oil embargo organized by opec in response to the arab israeli war 7did the covid 19 pandemic cause supply shocks covid 19 caused both supply shocks and demand shocks for instance because of social distancing and lockdowns workers weren t able to be on manufacturing production lines so there were shortages of goods and consumers weren t going to restaurants and salons so there was a demand shock in these and other sectors 8