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 stated hiring is an “much more urgent concern.” About 75% of respondents stated their firms are having difficulties filling open positions, which is prompting most of them to lift wages by about 10% to fill vacancies.
World wide, ports are congested on account of the fast rebound in demand for commodities and items as a lot of the worldwide financial system has recovered from the pandemic. In flip, transport 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.