Moody’s Analytics has warned that problems 'will likely get worse before they get better.'
Economists believe that there are several issues, including a nationwide shortage of truck drivers, contributing to the slowdown.As the U.S. economy struggles to fully recover from the coronavirus pandemic, supply-chain disruptions across the country are driving up prices and leading to a growing shortage of goods.
"You have a bunch of sectors that just pay minimum wage and labor is just going to veer over to where it finds the most profit," said Vidya Mani, an associate professor at the University of Virginia’s Darden School of Business. "There is a shortage of drivers, and it is one of several issues contributing to problems in the overall supply chain," said Sean McNally, an ATA spokesman."However it is a reflection of the strong demand for goods – and everything consumers buy is delivered in a truck."
"Strengthening our supply chains will continue to be my team’s focus," said Biden."If federal support is needed, I will direct all appropriate action, and if the private sector doesn’t step up, we’re going to call them out and ask them to act."Spencer Platt/Getty ImagesHow long before things return to normal?
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