Institute for Supply Management/February 2021
“Things are now out of control. Everything is a mess, and we are seeing wide-scale shortages.” (Electrical Equipment, Appliances & Components)
“Prices are rising so rapidly that many are wondering if [the situation] is sustainable. Shortages have the industry concerned for supply going forward, at least deep into the second quarter.” (Wood Products)
“Prices are going up, and lead times are growing longer by the day. While business and backlog remain strong, the supply chain is going to be stretched very [thin] to keep up.” (Machinery)
USAGOLD note: Early indicators and anecdotal evidence that inflation might be starting to wend its way through the pricing structure, as chronicled by the Institute for Supply Management – trends not being reported as yet on your favorite financial news channel ……
