1. The Economic Factors Affecting Supply, and What They Mean for Businesses - BusinessWest

    The Economic Factors Affecting Supply, and What They Mean for Businesses - BusinessWest

    To understand what’s happening in today’s global economy, one UMass economist said it’s helpful to picture it as a grid filled with connected nodes. When one of those nodes — manufacturing, distribution, shipping, you name it — is disrupted, the impact is felt by everyone. These days, those disruptions are occurring across the supply chain, and for many different reasons, causing costs to soar — both for businesses and their customers. It’s a major concern with no simple solution, and some worry that rising prices may derail what is otherwise looking like an economy in recovery.

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      Aerospace/Defense, Business Development, Creative Economy, Education, Energy, Entrepreneurship, Financial Services, Green Region, Health Care, Information Technology, Life Sciences, Logistics, Manufacturing, Medical Devices, Paper Manufacturing, Plastics, Retail, Tourism, Transportation, Workforce
  2. Quotes

    1. There have been shortages on everything — things you wouldn't think about, everything from the beverage side to the food side.
    2. People want bigger homes, better homes, they have more money, the federal government has been pretty good to people … there's just much more demand for products.
    3. The containers are not where they're supposed to be.
    4. More places are reopening, and restrictions are being lifted.
    5. We always view our largest competitor as passenger automobiles.
    6. In January, we thought this will probably last until March.
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