The Strategist

CNBC: Supply chains won't recover until at least 2024



12/26/2022 - 09:11



Major U.S. corporations' logistics managers were surveyed by CNBC, and the majority of them said that they didn't think the world's supply chains would function well until at least 2024.



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The journalists surveyed 341 managers from American businesses included in the National Retailers Federation (NRF), the American Apparel and Footwear Manufacturers and Retailers Association, and other large professional associations.

61% of supply chain managers claim that their networks are still not operating normally. 32% of managers said that their companies have recovered their supply chains in part. When asked when they thought these chains would fully recover, 19% of managers responded that they thought it would happen in 2023, 30% said it would happen in 2024, and 29% of respondents indicated it wouldn't happen until 2025 or not at all.

Furthermore, 59% of managers said that the Biden administration was ignorant of all supply chain difficulties. The largest logistical difficulties, according to the managers, include a lack of raw materials, congestion in ports, a lack of competent workers, and a lack of storage space because of expanding inventories.

source: cnbc.com