Persistent Inflation Threatens The Recovery
“Our company has had to deal with import delays due to backlogged West Coast ports, higher domestic freight costs, and a labor shortage at distribution centers that has prompted wage increases. Earlier this year, we thought, or maybe we hoped, that some of the industry wide supply-chain issues would have started to settle down by now. But that clearly hasn’t happened. In fact, the whole global supply situation seems to have gotten maybe even a little bit worse.”John Crimmins, chief financial officer of Burlington Stores Inc., 5/27/21 Crimmins’s observation summarizes how business costs are driving persistent inflation due to multiple…
Source: http://freedombunker.com/2021/07/06/persistent-inflation-threatens-the-recovery/
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