Supply Chain Issues to Persist into 2022

 

By NAFB News Service

Oct 11, 2021

 

A quarterly report from CoBank suggests that while the U.S. economy is still very much in the grips of the pandemic.

 

Supply chains are arguably in the most dire condition since the start of the pandemic, as lead times for manufacturing inputs recently reached record highs.

 

Persistent supply chain disruptions and labor shortages are adding significant costs to businesses and consumers.

 

A CoBank researcher suggests, “Supply chain snarls are likely to persist well into 2022, and so will elevated inflation.”

 

Rapidly rising input costs and product shortages are hitting agriculture, as commodity prices have flattened...

 

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