Inflation isn’t energy. It’s labor shortages, supply shortages and logistics issues. Freight has more than doubled in cost with ship times double of what the

Inflation isn’t energy. It’s labor shortages, supply shortages and logistics issues. Freight has more than doubled in cost with ship times double of what they were pre pandemic. Labor rates have increased 25% and there is still significant shortages of unskilled labor and skilled labor. I talked to one major company the other day and for their distribution warehouse, 40% of the scheduled workers don’t show up on any given day even after significantly increasing wages. If you try to use automation to mitigate labor issues, lead times are 1.5 to 2 years to get the equipment due to supply shortages.