Supply Chain Executives See No Imminent Fix for Logistics Woes

More than half of U.S. supply chain executives responding to a Carl Marks Advisors survey don’t expect a return to “a more normal” supply chain until the first half of 2024 or beyond, reported the investment bank Monday. The bank partnered with publisher SupplyChainBrain to canvass 107 executives online May 20 to June 10, finding 22% expect disruptions to continue at least until the second half of 2023, it said. More than two-thirds of those polled said they're “very concerned” that the U.S. economy “could tilt into a recession over the next 12 months as a result of rising interest rates, high inflation and geopolitical uncertainty, and a resultant pull-back in consumer confidence,” it said. When the execs were asked what “magic levers” could potentially bring supply chain costs under control in 2022 and help mitigate uncertainty, the top responses were ending the war in Ukraine (32%) and lowering fuel costs by 20% (31%), it said.