Insolvency Report Reveals Near-Term Supply Chain Challenges

insolvency challenges supply chain

Atradius’ Economist Dana Bodnar discusses with Supply Chain Brain our latest insolvency report revealing near-term supply chain challenges

Our economist, Dana Bodnar, recently discussed factors affecting global supply chains as countries phase out government support from the pandemic.

Dana weighs in on what to expect as global GDP slows and inflation puts additional pressure on supply chains. She states:

“Inflation, which has been felt in nearly every country in the world, has made the recent wave of insolvencies particularly difficult to avoid. In the U.S., the year-over-year inflation rate was measured at 8.3% for April, slightly below where it was the month before (8.5%) but otherwise the highest it has been since the 1980s. In the United Kingdom, the inflation rate also reached a recent 40-year high, with officials reporting a year-over-year rate of 9%.”

Read the full article here.