Even as problems with the global supply chain persist, resulting in a shortage of needed materials for both contractors and manufacturers, a prominent business leader is forecasting an easing of the situation by next year.
Speaking before the Institute of International Finance, Jamie Dimon remarked: “This will not be an issue next year at all.”
While acknowledging that the problem is currently at its worst, Dimon, chief executive officer for JP Morgan Chase added: “I think the great market systems will adjust for it like companies have.”
Dimon’s supply chain predictions come as a number of news sources are reporting on the severity of current supply issues, with the Wall Street Journal observing that current “supply shocks are already showing signs of choking off the recovery in some regions.”
Notes the Los Angeles Times: “Industrial and construction companies are expected to warn about supply chain troubles as they begin reporting third-quarter results later this month. Supermarkets, consumer staple makers and e-commerce companies are dealing with a shortage of truck drivers in parts of the world.”
Adding to all of that, continues the Times: “Shippers still face a lack of cargo containers at the right place for the right price.”
By Garry Boulard
