Although the experts diverge on how long it will take for inflation to reach the desired level, they do agree on one point: above-average inflation is not going anywhere anytime soon. This will affect manufacturers still contending with the impact of the pandemic and the related supply-chain slog.
The issue of inflation isn't just impacting what you pay at the pump and in the grocery store. Its effects are far-reaching, and that includes property, construction materials and all points in between. Factor in ongoing supply chain issues that emerged in full force during the pandemic along with a tight labor market, and it's no wonder that industries far and wide are feeling pinched.
Insurance carriers and commercial fleets have had difficulty managing rising insurance costs. A new partnership between Nationwide and Idelic is looking to change that. Nationwide is partnering with Idelic to help fleet drivers become safer, lower losses and take control of their insurance premiums.