July 8, 2024
Supply chain issues impact local PMI
INLAND EMPIRE – (INT) – The region’s economic recovery from the pandemic continues but at a slower pace.

The Institute of Applied Research at Cal State San Bernardino found that growth in the manufacturing sector and the overall economy has been steady for the past 12 months. It has slowed slightly the last month.

Inland Empire businesses continue to feel inflationary pressures although the Commodity Price Index continue to be felt with in the Inland Empire. The Commodity Price Index remains extremely high but has decreased since reaching a max in April.

Purchasing managers say are still grappling with supply chain issues.

The ports of Los Angeles and Long Beach are impacted – less than a week ago, 44 container carriers were anchored and awaiting a berth space (above the figure of 40 which was a record set in February of this year). Part of this increase is blamed on labor shortages, due in part to employees falling sick with COVID, and part is a seasonal issue of companies needing to stock up for the holidays.
Story Date: September 13, 2021
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