Consumer demand, lack of supply chain readiness causing price increases in stores on all items

The price of almost everything is on the way up.

While there’s been a lot of focus on real estate and lumber- the price of other goods, like chicken and chlorine, to name a couple- have spiked as well.

When businesses shut down last year- it did damage to the supply chain because those closures didn’t happen exclusively at the point of sale.

Manufacturers and suppliers are working overtime with less staff to meet demand that hasn’t been seen in over a year, according to Bob Phibbs, a retail expert who spoke with 13WHAM recently. “This isn’t going to be forever. Right now it’s just catching us off guard,” he added.

While there are certain things that may not see a price decrease in the next 6-12 months- like lumber because of the intense process to get wood from nature to a building site- other items that have less difficult manufacturing processes will.

Especially as workers come back to the workplace.

Staff Report

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