Industry News
CFO Journal: Supply Chain Snarls Throw a Double Punch to Costs and Sales
“Among surveyed CFOs, 44% report that supply chain shortages or delays increased their companies’ costs by 5% or more. Nearly one-third (32%) note that their 2021 sales have fallen due to delays or shortages, with 28% expecting future sales this year to suffer. More than two-thirds of respondents (69%) indicate that their supply chains would become more diversified over the next three years, with 23% expecting greater vertical integration of their supply chains.”