What economic issue does this article involve?
As the covid-19 pandemic forced millions of people to stay and work from home many people resorted to gaming and crypto mining which GPUs are perfect for. There is more demand than there is supply and therefore this is a shortage in the economy which is not good for suppliers.

Who is involved?
There are a lot of parties involved in this case such as gamers, crypto miners, GPU manufacturing companies, retail companies, etc.

What happened/is happening?
This issue is still happening in the world right now, there is a GPU shortage as suppliers are struggling to meet demand. Currently there is a chip shortage which is affecting the whole manufacturing industry and supply of raw materials is difficult to acquire due to the pandemic.

When did / will happen?
Since this GPU shortage has been happening for about a year now, Manufacturers are very slowly starting to recover from the shortage and start producing more GPUs and chips for the sale to customers. Prices are still skyrocketing but we are starting to recover from the pandemic which has helped us produce more quantity. I believe that in the near future we are heading towards normality and regular prices & supply will be available to the general public.

Where is this taking place?
This issue is currently affecting the whole world right now as everyone wishes to have a high power GPU to use for gaming or mining crypto and there is a major supply shortage and chip shortage due to the pandemic. Predominant countries where it is in high effect are the US, Canada, and the UK.

Why is this event happening?
The GPU shortage is happening because there is an ongoing global chip shortage. Silicon semiconductor chips are the primary  missing ingredient required for GPU production. Without these chips, these GPUs are impossible to produce.

What do you think about it?
This is a major disappointment to anyone that wishes to enter the gaming industry or mining industry. They are unable to purchase these products due to the shortage and huge price increase. This shortage is also affecting the vehicle industry as used and new cars have increased significantly in price over the last year. I hope it ends quickly so prices and supply can be back to normal.

Source: https://www.cnbc.com/2022/02/10/january-2022-cpi-inflation-rises-7point5percent-over-the-past-year-even-more-than-expected.html


What kind of News?
National


What economic issue does this article involve?
Drastic inflation within the United States

Who is involved?
Consumers, businesses
What happened/is happening?
The consumer price index for all items rose 0.6% in January, driving up annual inflation by 7.5%. That was the biggest gain since February of 1982.

When did / will happen?
This has been reported as of January of 2022

Where is this taking place?
All across the United States

Why is this event happening?
A broken supply chain because COVID has disrupted the supply and also created a high unemployment rate.

What do you think about it?
I think that it is very unfortunate as  consumers are literally paying the price and many household essentials are slowly becoming luxuries that many cannot afford.

Who is involved?
Smashburger and its' customers.

What happened/is happening?
As consumer prices continue to soar by the most in four decades in January, food prices have borne the brunt of skyrocketing inflation — something Smashburger (and other food chains) have passed along to their customers. The food chain is combating by utilizing redundant vendors and global partners to ease supply chain constraints which, in turn, has helped curb price strains.

When did / will happen?
This has escalated with the pandemic over the last two years.

Where is this taking place?
Nationwide(U.S)

Why is this event happening?
Costs for basic food items like chicken, ground beef, and cream cheese have seen significant upswings since the start of the pandemic, rising 3.4% on an annual basis in 2020, and 3.9% in 2021. Due to this, inflation seems to be a raging and constant challenge for Smashburger to combat.

What do you think about it?
I think it is good that Smashburger has been strategic about handling this situation. They are really focusing on their supply chain, and making sure that they are managing freight costs to counteract the commodities as they continue to rise.