Ifo Institute
Retail expects delivery problems to persist through summer 2022
Hardware stores are currently particularly hard hit by delivery problems. 83.5 percent of them report bottlenecks (symbol image).
© Jonas Güttler / Picture Alliance
The current delivery problems in many retail stores are likely to drag on into the summer of next year. This is the result of a survey by the Munich Ifo Institute.
With the current supply bottlenecks in retail, there is still hardly an end in sight. According to a recent survey by the Munich Ifo Institute, the problems threaten to drag on well into the summer of 2022. On average, the companies in the industry expect the bottlenecks to continue for another ten months, as the economic research institute announced on Tuesday. “The product selection will be limited at Christmas and long after,” said the head of the Ifo surveys, Klaus Wohlrabe. The survey is based on the monthly Ifo surveys on the economic expectations of companies.
Bicycle dealers expect delivery problems until 2023
The most pessimistic are the bicycle dealers: They expected delivery problems for 18 months, the furniture dealers 12.5 months. The toy retailers expect around eleven months, the hardware stores 10.3 months.
Overall, however, the number of companies with supply problems has decreased somewhat, from 74 to 60 percent, explained the Ifo Institute. The number of bicycle dealers fell from 100 to 89.6 percent, and of hardware stores from 98.9 to 83.5 percent.
There is a risk of higher prices in the Christmas business
However, these are still “extremely high numbers,” explained Wohlrabe. “The global logistics are out of sync.” Many deliveries arrive in Germany with significant delays. The problems would also be reflected in the prices in the Christmas business. Most of the companies have announced price increases.
See in the video: The Federal Association of Freight Transport, Logistics and Waste Disposal warns of a deterioration in the supply situation like in England.