U.S. Economy Faces Shortages

The U.S. economy is suffering from massive supply chain backups and shortages. Reuters recently ran the story of a tent factory owner who can’t even get matching black velcro for her products. However, the COVID-19 pandemic also caused metals, plastic products, wood, glass bottles, and more shortages. The Fed is even holding forums with local businesses in an effort to gauge its response to price increases. As a result, brands like Caterpillar Inc ($CAT@US) and Jack Daniels are suffering from delays which will reduce quarterly earnings.