According to Fox Business, Retail Expert Expects Major Product Shortages Soon. This is part of the continuing supply chain disruptions since the COVID-19 pandemic started. And this has resulted in different industries facing more supply chain issues. From chicken to toilet paper, it has now moved to paint. Sherwin Williams says the suppliers responsible for providing the products they need to make paint are lagging behind. In this case, it is not only COVID-19 but also Hurricane Ida.
The supply chain challenges are especially difficult for small business owners. Price increases on chicken, bacon, paint as well as other items mean slimmer profit margins and even losing business altogether for restaurants, contractors, and others. The good news is experts are expecting the bottlenecks in the supply chain to fully open. And once that happens the market should correct itself while getting rid of the high prices.
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This article, “In the News: Major Product Shortages on the Horizon” was first published on Small Business Trends
