Trent Cotney, Partner, Adams and Reese LLP
For the past few years, the construction industry has joined other industries and consumers in being challenged by supply chain issues and rising prices. However, as those problems have begun to ease, there is a new inflation warning to consider.
Although many causes of supply chain inflation that led to higher prices have abated – such as transportation fuel and ocean freight costs – we are now seeing increased inventory due to lower consumer demand. Those bloated supplies are putting pressure on warehouse services and increasing those rates. Read more.