Inflation

Rising Input Costs, Material Shortages, Plus Supply Chain Woes Leading to Higher Prices

Rising Input Costs, Material Shortages, Plus Supply Chain Woes Leading to Higher Prices
A line worker assembles Ford Motor Company's 2021 Ford Bronco on the line at the Michigan Assembly Plant in Wayne, Mich., on June 14, 2021. JEFF KOWALSKY/AFP via Getty Images
Rachel Hartman
Rachel Hartman
Business Reporter
|Updated:

U.S. businesses are dealing with growing inflationary pressures with rising input costs, material shortages, and unresolved supply issues being key drivers.

Among manufacturers, 86.4 percent stated that their primary current business challenge was an increase in raw material prices, according to a third-quarter outlook survey by the National Association of Manufacturers (NAM).
Rachel Hartman
Rachel Hartman
Business Reporter
Rachel Hartman is a freelance writer with a background in business and finance. Her work has appeared in national and international publications for more than 10 years. She resides in Miami and travels frequently.
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