Companies complain about supply bottlenecks
A survey by the Ifo Institute shows that material shortages have intensified. In May, 77.2 percent of the surveyed companies complained about supply bottlenecks as well as other problems in obtaining preliminary products and raw materials. The month before, the figure was 75.0 percent.
“Supply chains are under constant stress,” commented Klaus Wohlrabe, head of Ifo’s surveys. The standstill at Chinese ports has worsened the situation for many companies, he said.
Almost all key industries burdened
At 91.5 percent, mechanical engineering is the most heavily burdened. This is followed by the electrical industry. The proportion of those affected in the automotive industry hardly changed at 89.5 percent. By contrast, the proportion in the chemical industry fell to 58.7 percent. However, fewer food manufacturers complained, at 63.7 percent. In April, the proportion was still 76.9 percent.
For half of the companies suffering from a shortage of materials, the current situation in China had caused the situation to deteriorate. The automotive industry is particularly affected.