gettyPervasive supply chain disruptions result mostly from labor shortages, with transportation bottlenecks a much lesser factor. International trade, though, is not the greatest cause of back-orders for goods and services—that’s the labor shortage. The labor shortage limits economic growth in local areas according to 90% of local chamber of commerce leaders surveyed by the U.S. Chamber. Forecasting the economy requires recognition of supply chain disruptions caused by the labor shortage. This labor shortage is the preferred result of the Federal Reserve.

Source: Forbes July 07, 2021 11:26 UTC