After recording impressive numbers in later half of 2020 and throughout 2021, there have only been 34 IPOs priced in the US during YTD May 2022; a 78% YoY decline. Effectively, the declining market returns at the end of 2021 put an end to the past year’s IPO boom. The decline, coupled with the escalating war in Europe and the surging inflation, issuance ground to a halt in March 2022. Since March 202, only 16 more IPOs have been priced and all in all this presents a gloomy picture for the prospect of IPOs going forward for the remainder of the year.

Post easing of covid-19 related lockdowns, supply chain issues have been a well-publicized phenomenon that have been hard to predict.

A Brewing Global Food Crisis

In a world recovering from covid-19 and its associated supply chain after-shocks, the war in Ukraine is leading to an alarming increase globally in government controls on the export of food products.