The CFO survey, launched Thursday, was compiled by Duke College’s Fuqua Faculty of Enterprise and the Federal Reserve Banks of Richmond and Atlanta.
Along with the damaged provide chain, the executives mentioned hiring is an “much more urgent concern.” About 75% of respondents mentioned their firms are having difficulties filling open positions, which is prompting most of them to lift wages by about 10% to fill vacancies.
Around the globe, ports are congested because of the speedy rebound in demand for commodities and items as a lot of the worldwide economic system has recovered from the pandemic. In flip, delivery prices have soared, and firms wanting to maneuver items round are struggling as a result of there simply aren’t sufficient ships or containers accessible.
All of the whereas, costs are going up for customers.