The CFO survey, launched Thursday, was compiled by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta.
In addition to the damaged supply chain, the executives stated hiring is an “even more pressing concern.” About 75% of respondents stated their corporations are having difficulties filling open positions, which is prompting most of them to elevate wages by about 10% to fill vacancies.
Around the world, ports are congested on account of the fast rebound in demand for commodities and items as a lot of the worldwide economic system has recovered from the pandemic. In flip, transport prices have soared, and firms wanting to transfer items round are struggling as a result of there simply aren’t sufficient ships or containers accessible.
All the whereas, costs are going up for customers.