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Global Backorders, Supply Chain Delays and Price Increases

Global Backorders, Supply Chain Delays and Price Increases

As the world emerges from the Covid pandemic many industries are feeling the results of shutdowns and labor force impacts. The price of raw materials has been increasing and production of certain electronic components is lagging. The global supply chain is struggling to keep up with both demand and capacity. Container ships are waiting to dock and trucking companies don't have enough drivers, trucks and trailers for the increase in shipped goods. Shipping containers alone are scarce and many are having to devan at the ports. In the next 6 - 12 months you will see price increases, delays and backorders on everything from auto parts to everyday items in stores as the global supply chain catches up and the market rebalances. Click the headline for the full article.…

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