The U.S. is suffering longer delivery delays than other economies because of stronger demand from American consumers, a signal that high inflation rates are likely to persist, according to the latest research by the Institute of International Finance.
IIF analysts looked at data on delivery times from manufacturing surveys in all major economies. They found that while the global supply-chain crunch is causing tailbacks everywhere, the U.S. “continues to be an outlier” in the latest monthly data from October, with longer waits for supplies to arrive.
