The pandemic, now in its second year, has severely disrupted supply chains. And companies and suppliers continue to struggle to meet increasing rates of demand due to coronavirus impacts limiting availability of parts and materials. Also, things such as worker absenteeism, short-term shutdowns due to part shortages and difficulties in filling open positions may limit this sector’s performance.
The EPTDA’s members should know that the rise in input costs is being driven by the perception that supply chain constraints will not ease in the short term, industry executives said in a recent survey. Actually, input prices rose at their fastest pace in almost a decade in the eurozone’s manufacturing sector in February, according to the Manufacturing Business Survey released by the Institute for Supply Management (ISM).
The EU Monitoring Report includes the European Commission’s approach to helping supply chain companies.