Summary Takeaways
▪ New COVID variants and resurgence of outbreaks pose potential threats to smooth and full recovery. ▪ Global supply chain disruption and chaos is driving extreme levels of non-raw material inflation into the cost of importing products to North America. This situation will remain this way for many more months. ▪ Rates of inflation in the US and Canada to this point in the year are 5.4% and 3.6%, respectively, both the highest in a decade, and indications are strong that inflationary pressures will persist throughout the supply chain beyond 2021.
AmerCareRoyal is hard at work doing all we can to mitigate these challenges for our customers. By prioritizing critical cargo, relentlessly optimizing cargo shipping configurations, searching and securing alternative port-of-call options, and leveraging our manufacturing and carrier networks, ACR provides practical, effective supply solutions that speed delivery and minimize cost.
AmerCareRoyal Recommendations for Customers
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Diligently monitor and pass along price increases; act decisively to stay apace with the rate of inflation.
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Work closely with your customers to understand their demand and plan your inventory investments accordingly.
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Maintain day-by-day flexibility to base selling and marketing on products & supplies that are available right now.
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Monitor industry information sources for forecasts on raw material and supply chain costs.
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