It's tough to overstate the impact of the global supply chain crunch; it's going to be felt far beyond this particular earnings season.
The crunch itself is serving to elevate winners and cast down losers.
The "losers" are those firms with massive exposure to the disruptions; they've no doubt got several quarters of rough sledding ahead.
The "winners" are the companies that are well-insulated from supply issues; firms that can hang tough and adapt to the changes, and even companies that can help ameliorate the problems.
As investors, this is a no-brainer - we want the winners. There are two I've got my eye on at the moment, and I've developed two "bonus" trades as a kicker...