"We're seeing rising cost pressures" due to workforce shortages and demand exceeding supply, Timmons said on"What that's doing is it's causing bottlenecks in a lot of the supply chain for manufacturers who make the finished goods."
However, he added that "it is a problem right now and manufacturers are trying their best to deal with it." Though the manufacturing industry has regained 63% of jobs lost during the pandemic, the majority of manufacturers surveyed in the study still expect a long-term challenge in attracting and retaining workers in 2021 and beyond. Finding the right talent is also 36% harder than it was in 2018, according to the survey.
The expectation that the economy would snap back without some issues were unrealistic. It took a year + to get past the pandemic (that many parts of the world are still in, & the U.S.). Cracks behind the scenes were bound to come to the surface - SupplyChain, inflation, etc.
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