| Oct. 28, 2021 | This week's procurement news and insights for supply chain leaders Note from the editor The pandemic, combined with extreme weather events and power cuts in China, have brewed the perfect storm in the construction industry. Prices have exploded while many contractors struggle to find supplies.
"Everything costs more—if you can get it,” one expert told our sister publication Construction Dive. "There are certain air-conditioning units that, I don't care if you have millions to offer, you can't get."
Contractors are in a unique position in that many were locked into agreements based on 2020 and pre-2020 prices. As a result, escalation clauses, which are used to pass along rising procurement costs, are now becoming more common.
Have you seen your business partners use more escalation clauses, or legal caveats that allow them to pass along rising costs? Send me an email and let me know.
 Sarah Zimmerman
Associate Editor, Supply Chain Dive
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Brands with high exposure to Vietnam are seeing port delays, canceled orders and slow capacity recovery after months of COVID-19 related restrictions. |
Deep Dive Amid unprecedented supply chain challenges, firms locked into contracts based on last year's prices are feeling the heat. |
The Marlboro maker is ensuring existing users can replace their devices as the company encounters supply issues due to the ongoing chip shortage. |
Transform your supply chain with storage and shipping solutions that minimize damage.
| The ongoing global semiconductor chip shortage is causing delays, order cancellations and other supply disruptions for medical device companies. |
A global supplier base has allowed the maker of Olay and Crest to optimize costs and "overcome short-term challenges," according to CFO Andre Schulten. | From Our Library
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