I understand how they got delayed initially, but what factors have prevented things from rebounding? For instance, I work in the medical field an am being told some product is “backordered” multiple times a week. Besides inventing a time machine, what concrete things are preventing a return to 2019 supplys?
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I work for a underground utility supplier:
We’re lucky everything we have is made domestically so we can cut any problems in China out of the equation.
Customers would typically order based on need knowing lead times on production would be 2-3 months.
Customers panicked and ordered a year worth of inventory.
Manufactures in turn prioritized the highest cost items because they like money, leaving the lower cost items from being manufactured creating a huge back log on those.
Lead times on the lower cost items needed to complete projects is still sitting around 12-18 months while manufacturers keep trying to pump out the higher cost items to make their profits look good.
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