Meaning of “supply crunch” in the English Dictionary

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"supply crunch" in Business English

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supply crunchnoun [ S ]

uk us

ECONOMICS a period during which the supply of a particular product is lower than the demand for it, leading to higher prices:

The supply crunch led to widely differing prices for natural gas across the country.

(Definition of “supply crunch” from the Cambridge Business English Dictionary © Cambridge University Press)