The following appears on cnbc.com
- More than half of U.S. companies surveyed by SAP say that supply chain issues will persist in 2023.
- Even if inflation declines, the new “just in case” model of sourcing, carrying more inventory and often use of non-Chinese manufacturing located closer to home, will result in higher costs.
- Less hiring and lower wages are top ways the majority of companies say they plan to recoup the lost business margin.
By Frank Holland – The supply chain may be getting better, but the challenges aren’t going away.
That’s according to a new survey from SAP which finds more than half (51%) of U.S. companies expecting the supply chain to remain challenging into 2023.
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SOURCE CNBC
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