Manufacturers Report Longest Supplier Lead Time Since 1987

Economy continues to expand, increasing production demand, while manufacturers face supply and workforce shortages.

  • New orders, production and employment growing
  • Economic expansion for 12th month in a row
  • Suppliers struggle to meet increasing demand
  • Lead times longest since 1987
  • Prices highest since 2008
  • Order backlog highest since 1993
  • Wide-scale shortages of critical basic materials
  • Difficulties in transporting products
  • Worker absenteeism limits manufacturing potential
  • Short-term shutdowns due to part shortages
  • Exports and imports growing

While the economy is expanding, manufacturers continue to struggle with workforce shortages, limited supplies and the largest order backlog since 1993. Economic activity in the manufacturing sector grew in May, with the overall economy notching a 12th consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM Report on Business. READ FULL ARTICLE >>