Retail Executives See Supply Chain Woes Lasting Beyond 2022

October 27 2021 by Arthur Zaczkiewicz from Women's Wear Daily

First Insight’s latest research with the Baker Retailing Center at The Wharton School of the University of Pennsylvania revealed the sentiment about supply chain disruptions of industry executives. The survey, released today, showed a whopping 98 percent of retail executives polled saying they’re experiencing supply chain issues.

And 100 percent of respondents said it is impacting this year’s holiday shopping season. And nearly all respondents expect supply chain troubles to last through next year — and beyond.

To combat supply chain disruptions, 18 percent of respondents said they’re working with freight forwarding and logistics firms while 13 percent said they were seeking out new suppliers and vendors. Eleven percent were streamlining assortments as a response and 9 percent were sourcing goods domestically.

Read the Full Article at WWD

pricing  retail  retail pricing  supply chain  supply chain disruption  inflation

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