What you are thinking is manufacturing versus services, what I'm thinking about is the distinctly B2B supply chain that includes both. Then there is B2C, which depends on the supply chain.
The financial markets are used to facilitate the operation of this economy and my argument was that it should not be seen as the economy itself.
The current inflation is because of China, Russia, the pandemic, lack of investment into the supply chain (during deflation, resilience being seen as inefficiency, preference for stock buybacks), bad investment (during the pandemic), lack of innovation and increasingly climate change. Something weird is going on with the fuel prices too.
An increasing and rapidly growing part of the economy is Services and Services are not that dependent on supply chains.
Also supply chains were disrupted mainly due to the world economy being overly dependent on China and China being shutdown.
In the long run this might actually be bad for China as countries pass laws to not be so dependent on China.