RV Industry Economist Talks Supply Chain At Seminar

RV industry economists believe supply chain issues may be coming to an end in the near future and shipments may increase.

During an RV Industry Association panel discussion Tuesday, ITR Economics Senior Economist and Econ Manager Eric Post presented charts further explaining the recent rise and decline of supply-and-demand chains.

The first of the pandemic supply chain problems came in 2020 when businesses shut down and the country had trouble producing for consumer needs. When the stimulus money came out, Post explained, buyer power increased and demand increased.

“It wasn’t that people couldn’t produce,” he said. “It was that demand was far out stretching supply.”

He added that the “realignment between demand and supply” could occur in 2022.

War and sanctions may cause minor supply chain issues, but for the most part, Post said, all signs point to normalization.

“It’s important because when we see supply chain normalization occur, it means that inflation is going to ease,” he explained.

The information came as part of an explanation on how the current economy can impact RV production and future sales for the local and national industry.

Read the full article from The Goshen News here.