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Intermediate products such as semiconductors and some raw materials are currently highly in demand among firms. Strong consumer demand for end-products and the resulting high levels of output, as well as friction in the supply and transportation of intermediate products, are causing the latter to become scarce and more expensive. In addition, however, companies’ strong orders of intermediate products could exacerbate this shortage. There are certain indications of this in Switzerland.

KOF Director Jan-Egbert Sturm talks in an interview about the future of international trade, the lessons to be learned from the coronavirus crisis, and Switzerland’s competitiveness.