Business experts, like Carl Gould with 7 Stage Advisors, call the problem a perfect storm, contributing the supply issues to factors beyond the pandemic. Gould brought up last year’s record hurricane season.
“This typically puts pressure on the market demand on its own. Couple that with COVID where people were focusing on their home improvements with stimulus checks, and to finish off the trifecta there were supply chain disruptions. If you add all of that together, you have a shortage of materials with highly escalating prices,” Gould said. Read full article HERE