How Transportation, Labor, and Economics Play a Role in the Supply Chain Predicament
The increase in materials pricing and supply chain interruption continues to impact virtually every sector of the economy—from consumer goods, such as furniture and cars, to raw materials, such as lumber in construction and steel in manufacturing. The initial slowdown in manufacturing created a slump in sales and production, forcing stainless steel suppliers to cut inventory (and one large steel mill exited the 300 series sector of the market entirely). But once the production lines whirred again, the demand far outpaced the supply, causing steel prices to skyrocket.