About 80% of Texas businesses told the Dallas Fed they see no improvements in the supply chain to worsening significantly before conditions normalize.
“In June, when we asked when the supply chain will normalize, businesses believed that would be now,” said Christopher Slijk, Dallas Fed economist.The responses are based on experiences such as unfilled orders, which 17% more companies said they had in November than in October.
About 80% of Texas businesses told the Dallas Fed they see the supply chain showing no immediate improvement or even worsening significantly. Two-thirds of companies said they expect the supply chain to return to normal in at least seven to nine months and 25% expect it to take more than a year. The Dallas Fed surveys business owners and executives operating companies that represent a cross-section of the economy in retail, manufacturing, general and professional services and hospitality.
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