Severe Supply Bottlenecks Add to Inflation Pressures

Severe Supply Bottlenecks Add to Inflation Pressures
A worker helps a customer pump gas, with long lines stretching behind them, in Charlotte, N.C., on May 11, 2021. Chris Carlson/AP Photo
Emel Akan
Updated:

WASHINGTON—Worldwide supply shortages have led to price increases for raw materials in recent months, boosting production costs for many businesses. Due to the “depth and breadth of supply chain disruptions,” economists expect consumer prices to continue to rise for some time.

The supply disruptions caused by the global pandemic and related economic lockdowns stand out for their severity and for their global spread, according to a recent report by the Institute of International Finance (IIF). Supplier delivery delays in the United States and Germany are as severe as Japan experienced in 2011 in the wake of the Fukushima nuclear disaster, the IIF economists said in the report.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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