Shortages may last yet another year due to the lasting effects of a February storm in Texas, increased demand and supply chain congestion.
What happened
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Why it matters
The survey by NACD is just the latest data point to highlight the impact that the current supply chain congestion can have on a company's inventory and internal operations. Companies are struggling to replenish their inventories as high demand for their products is met with a slower supply chain.
Not only have shortages worsened since March, so have delays. The survey found that 82% of respondents are dealing with an average uptick in travel time for their shipment of 11 days or more.
And the issues extend throughout the supply chain. West Coast ports are still struggling with delays. Ships are waiting longer to get in, and once they get a berthing spot, there is a shortage of drayage drivers that is exacerbating the congestion, Byer said. "A good example of a product will be something like citric acid," he said. "Citric acid is in Gatorades, or vitamin waters, or Coke or Pepsi or whatever."
This news brief is based on reporting published by Supply Chain Dive on 2021-07-13. The original report is linked below.
Supply Chain Dive
https://www.supplychaindive.com/news/stock-out-inventory-shortage-chemical-supply-chain/603182/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
