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Media Tip Sheets

Cargo Delays, Supply Shortages and Increased Prices Likely To Continue

Friday, August 6, 2021, By Daryl Lovell
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Whitman School of Management

Patrick Penfield is a professor of practice in supply chain management and director of Executive Education at the Syracuse University Whitman School. He provides insight below about the continued supply chain crisis. The material below can be quoted directly. Professor Penfield is also available for interviews.

Patrick Penfield

Penfield says:

“Demand for products did slow down in July which allowed some supply chains to normalize. However, the third and fourth quarters of this year are going to be ‘difficult’ for most U.S. manufacturers.

“The flooding in China and the Delta COVID-19 spread impacting Asia are starting to impede supply shipments. Manufacturers are going to need to brace themselves for more cargo delays, supply shortages and increased prices in the third and fourth quarters of this year. This is going to be a trying and stressful period for companies that are trying to keep up with demand during the holiday season.

“Unfortunately, the global supply chain is in crisis.”

 

To request interviews or get more information:

Daryl Lovell
Media Relations Manager
Division of Marketing and Communications

T 315.443.1184   M 315.380.0206
dalovell@syr.edu | @DarylLovell

The Nancy Cantor Warehouse, 350 W. Fayette St., 4th Fl., Syracuse, NY 13202
news.syr.edu | syracuse.edu

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