The problem? Too little demand, too much supply. Rising interest rates are also contributing to weaker demand around the world.
Demand for autos has been strong throughout the pandemic. But in recent months, demand has been softening, thanks in part to rising interest rates and elevated prices.
There aren't enough instructors to keep up with demand at Jess Hirsch's Fireweed Community Woodshop in Minneapolis.
Those prices that spiked because of supply chain issues are starting to come down ... just a bit.
The World Trade Organization predicts economic shocks like higher interest rates and energy prices will slow the growth of global trade in 2023.
“We'd like to think that we're responsible for high demand but it's really the weather," says Al Rose of Red Apple Farm.
"Productions have to start making choices" due to inflation and supply snags, says Winston Cho of The Hollywood Reporter.
There are a lot of variables that make predicting energy demand in 2023 difficult, including rising interest rates, inflation and potential COVID flare-ups.
"The harsh reality for U.S. oil markets is that there is no switch that anyone can flip to suddenly turn on oil production overnight," one expert told us.
If fewer countries want Russian goods, supply goes up and China could, in theory, get cheaper prices. It is a whole other thing in practice.