Coresight Research Founder and CEO Deborah Weinswig told Yahoo Finance Live on Tuesday the supply chain crisis will continue throughout 2022 and into 2023.
"And we have a complete container misalignment right now. So that's 80 days, we're talking, in our opinion - we're probably looking at Q1 2023 before all of those containers get back and realign."
Weinswig told Yahoo News even if truck drivers were available to free up container space at the port, there is not must space at warehouses to receive the containers.
"With about a 400% turnover rate in and warehouses, we've got some real concerns," she said about the duration of how quickly items are moving through the supply chain.
About 35 percent of small business owners reveal supply chain disruptions have made a large, negative impact on their businesses, according to the National Federation of Independent Business optimism index.
Another 32 percent suggest supply chain disruptions have moderately impacted their businesses, and only 21 percent believe they have been impacted mildly.
Ten percent of small business owners report no impact at all.
Tuesday, October 12, 2021
Supply Chain Crisis Will Damage U.S. Economy Until 2023
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