A Moody’s report revealed supply chain disruptions will continue to increase costs for consumers before the crisis will resolve itself – perhaps in 2023, CNN reported Wednesday.
Moody’s Analytics warned the business community on Monday:
Supply chain disruptions “will get worse before they get better. As the global economic recovery continues to gather steam, what is increasingly apparent is how it will be stymied by supply-chain disruptions that are now showing up at every corner.
Moody’s also said the shortage of truck drivers could be the “weakest link” in the supply chain, causing ports to remain full, which delays ships scheduled to pick up freight in Asia and return to America. Moody’s wrote: