The CFO survey, released Thursday, was compiled by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta.
In addition to the broken supply chain, officials said hiring is “an even greater concern.” About 75% of the respondents said that their companies are finding it difficult to fill open positions, prompting most of them to increase their salaries by around 10% to fill the vacant positions.
Across the world, a rapid rebound in demand for goods and goods has resulted in overcrowding at ports, as much of the global economy recovers from the pandemic. In turn, shipping costs have gone up, and companies wanting to move goods are struggling because there are not enough ships or containers available.
All the time, prices for consumers are rising.