Your Shipment is Where, Exactly?

Your Shipment is Where, Exactly?

It'll be a while before pandemic related supply chain backups subside. Material scarcity, labor shortages and port congestion that continues to disrupt value chains likely won't improve significantly this year. The Russian invasion of Ukraine is only adding fat to the fire. The crisis has disrupted cargo flights in those countries, putting added pressure on cargo capacity and raising concerns about even more supply chain disruptions. Meanwhile, metals including aluminum and steel are now in shorter supply as Ukrainian mills shut down. And if you import sunflower seeds from Russia, good luck. 

President Joe Biden's infrastructure plan, passed last November, aims to refurbish the nation's coastal and inland ports, replenish rail network grants, `and allocate money for roadways and bridge repairs. That will take years to executive, though. 

Roughly one in four small business owners cite supply chain issues as their biggest problem, up eight percentage points from last quarter, according to a recent survey from the Chamber. Additionally, three in four small businesses say they are concerned about the impact supply chain disruptions are having on their business.