Supply chain disruptions drive price increases – this seems commonsensical. The lasting impacts of COVID, compounded by the Russia-Ukraine conflict and lockdowns in China blocking shipments, have created production disruptions, freight delays, and port congestions – and with supply shortages, prices are increasing.
However, amidst the collision of these disruptive global events, businesses are being made vulnerable to supplier price increases that are simply explained away by “supply chain disruptions”. At Efficio, we are seeing many of our clients confronted with unjustified or excessive price increases that misuse the current situation as justification for driving up their profit margins.
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