Buttigieg says supply chain troubles could last into next year

Posted 46 days ago


Transportation Secretary Pete Buttigieg on Sunday said supply chain issues could continue into next year as many companies continue to struggle with disruptions.

CNN's "State of the Union" host Jake Tapper noted that Moody's recently warned that supply chain issues would "get worse before they get better." He asked Buttigieg whether he agreed with that notion and if Americans should prepare for such an outcome.

"Well, certainly, a lot of the challenges that we have been experiencing this year will continue into next year," Buttigieg said. "But there are both short-term and long-term steps that we can take to do something about it. Look, part of what's happening isn't just the supply side. It's the demand side. Demand is off the charts. Retail sales are through the roof."

Buttigieg said ports are welcoming in a record amount of goods and argued that this is due to rising demands which in turn was brought on by risin... (Read more)