Inflation appears to be spilling into all parts of the economy, with one primary reason being ongoing supply chain constraints.
“Inflation is inseparably linked to the supply chain,” former Home Depot CEO Bob Nardelli told Yahoo Finance Live (video above). “I look at a global view of the container ships around the world and we have well over 550 ships right now floating on the water waiting to get unloaded. We have an equal number of tankers floating on the water ready to get unloaded.”
The pandemic created the perfect storm to disrupt supply chains: Port backups, container shortages, and other supply chain nightmares meant that retailers and brands were largely put at the mercy of forces outside their control.