Survey: Raw Material Supply in Germany Strained Until 2023

by | 29. Jun 2022 - 15:13 | Economy

The supply of primary products and raw materials to German industry is likely to remain tight for some time to come. According to a survey by the ifo Institute, 74.1 percent of companies complained about bottlenecks and problems in procurement in June. This is only a slight improvement on the previous month, and the hoped-for easing in supply chains is shifting further and further back, according to Klaus Wohlrabe, head of ifo surveys.

The electrical industry, mechanical engineering and the automotive sector were particularly affected, he said. There are clearly divergent assessments of the continuation of the supply problem. In the beverage industry, for example, it is expected to last more than 13 months, in metal production about seven. In any case, Germany will continue to face supply challenges into next year.

Photo: iStock/onlyyouqj

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