Boeing Says Supply Chain Issues To Persist Through Majority Of 2023

Boeing Co BA expects supply chain problems to persist almost until the end of 2023, led by labor shortages at mid-tier and smaller suppliers, partly due to the faster-than-expected return of demand, reported Reuters, citing BA's chief executive on Wednesday.
"The shift from demand to now supply issues ... is remarkable, the speed with which it happened," Boeing Chief Executive David Calhoun stated at Bloomberg's Qatar Economic Forum in Doha.
"It's been a real issue for both manufacturers and will probably stay that way in my view almost to the end of next year," Calhoun added.
"And the biggest restraint of all for that mid-tier set of suppliers and sub-tier set of suppliers is labor availability, do we have a workforce," mentioned Calhoun.
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David Calhoun claimed that Boeing had a large, complicated supply chain with a lot of fragility, which caused problems when there were delays.
Price Action: BA shares are trading lower by 1.35% at $134.90 during the premarket session on Wednesday.
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