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Supply chain pressures are still a problem due to workforce shortages

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Supply chain disruptions and inflated prices are not abating yet, National Association of Manufacturers CEO Jay Timmons told CNBC on Thursday.

“We’re seeing rising cost pressures” due to workforce shortages and demand exceeding supply, Timmons said on “Squawk on the Street.” “What that’s doing is it’s causing bottlenecks in a lot of the supply chain for manufacturers who make the finished goods.”

Timmons, whose Washington-based group is the largest manufacturers trade association in the U.S., said he’s hopeful that supply bottlenecks won’t be seen in the future as the economy continues to ramp up from the depths of the Covid pandemic.

However, he added that “it is a problem right now and…



Source cnbc.com

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