According to an analysis by IHS Markit, the supply chain delays seen this year will carry on into 2022 and possibly 2023. The logistics crisis is worsening due to the economic rebound, staff shortages, and the overstrain in transportation systems.
Supply Chain Delays Effect
As reported by CNBC, the extending of supply chain disruptions explains “why online purchases are taking longer to arrive, why there’s vacant space on store shelves, and why the furniture you ordered is taking months instead of weeks to arrive.”
The immediate effect amid rising online shopping is the menacing inflation caused by little product availability in stock, with some items hitting record prices in more than a decade.