Federal Reserve Bank of Minneapolis: From Substitute Materials to Makeshift Repairs, Businesses Adapt to Supply Chain Woes
March 19, 2022
March 19, 2022
MINNEAPOLIS, Minnesota, March 19 -- The Federal Reserve Bank of Minneapolis issued the following analysis on March 18, 2022, by senior writer Tu-Uyen Tran:
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Two years since crisis began, prices still rising, shipments still delayed
Article Highlights
Costs for raw materials are up 40 percent, manufactured components are up 30 percent
Waits for supply shipments drag into months, even years
Businesses report stockpi . . .
* * *
Two years since crisis began, prices still rising, shipments still delayed
Article Highlights
Costs for raw materials are up 40 percent, manufactured components are up 30 percent
Waits for supply shipments drag into months, even years
Businesses report stockpi . . .