Supply Chain Research

Office furniture producer Steelcase reported revenues which fell by 28.4% year over year as the firm sought to navigate “multiple supply chain challenges in addition to the resurgence of COVID” according to CEO Jim Keane. The challenges included container shortages and port congestion, in common with many of its competitors. The firm has also faced increased costs leading it to use “air freight and procurement of materials outside of our normal course” as well as announcing “a price increase that will begin to offset some of the inflation”. U.S. seaborne imports linked to the firm droppe...