- We are seeing a number of serious challenges within our supply chains, many of them dynamic. There are rising demands across nearly all market segments and they, combined with significant freight challenges are impacting material deliveries.
- Lead-times are extending sharply with some vendors imposing allocation on certain lines, and prices in all areas are being raised, often with little or no notice. These supply chain risks require timely planning and action.
- While the market has experienced fluctuations in the past, the current issues are on pace to reach an unprecedented level of criticality. We anticipate this problem to extend through 2021 and urge you to take note of the current conditions and future outlook so that we can work together to mitigate risk.