Getting an error during pod install: can't find gem cocoapods

[palexs]

When running pod install I kept receiving this error:

Traceback (most recent call last):
	4: from /Users/xyz/.rvm/gems/ruby-2.7.5/bin/ruby_executable_hooks:22:in `<main>'
	3: from /Users/xyz/.rvm/gems/ruby-2.7.5/bin/ruby_executable_hooks:22:in `eval'
	2: from /Users/xyz/.rvm/gems/ruby-2.7.5/bin/pod:25:in `<main>'
	1: from /Users/xyz/.rvm/rubies/ruby-2.7.5/lib/ruby/site_ruby/2.7.0/rubygems.rb:284:in `activate_bin_path'
/Users/xyz/.rvm/rubies/ruby-2.7.5/lib/ruby/site_ruby/2.7.0/rubygems.rb:265:in `find_spec_for_exe': can't find gem cocoapods (>= 0.a) with executable pod (Gem::GemNotFoundException)

The solution was to run bundle install from root. I guess this step should be added to the Readme.