Don’t forget about the resin shortage. Even if they can move the product they are lacking containers. Those companies that survived the pandemic relatively well are starting to crash and burn because of this.
Better stock up, for my violin bow.
:-)
Amen. I work in plastic distribution. Not only can I not buy inventory...I'm having a very hard time shipping what I do have. Pallets are scarce, packing supplies are hit or miss too.
I just found out that an order I placed 16 weeks ago is now late because it's been sitting at an LTL terminal in Chicago for the last two weeks because they can't find drivers.
We're passing along price increases where we can, but price increases in materials are going to be nothing compared to increases due to freight charges. I've been in the industry for 30 years and have never seen anything even remotely like the situation we have now.