AAMA's recent webinar discussing supply chain concerns painted a dire picture...Global and domestic supply chain concerns are here to stay. Experts are predicting anywhere from one to two years to see stabilization.
According to the US Census 61.4% of US Manufactures experience domestic supply delays last week. The national average for this statistic was 36.3%, which impacted 97% of the member retailers according to NRF (National Retail Federation) survey.
The NRF said a recent survey of member companies found that 97% of retailers indicated they have been impacted by port and shipping delays. More than two-thirds said they had to add two to three weeks to their supply chains because of the congestion issues.
To learn more about the global supply chain concerns and what the NRF is trying to do about them click here: NRF PLEADS WITH BIDEN