While congestion has lessened at West Coast ports, global supply chain disruption may linger for years due to economic conditions, rising inflation and global tensions, according to a survey of U.S. supply chain executives from Carl Marks Advisors.
The survey taken over May and June found that more than half of executives do not expect a return to a “normal” supply chain until the first half of 2024 or beyond, while 22 percent expect disruptions to continue until the second half of 2023.