Ifo Institute: Material availability is approaching pre-Corona levels
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During and after the corona pandemic, many companies struggled with material shortages. Now only one in ten companies reports such problems.
© Hendrik Schmidt/dpa
Industrial companies in Germany are once again able to obtain the materials and raw materials they need more easily. According to a survey by the Munich Ifo Institute, 10.2 percent of the companies surveyed reported bottlenecks. In February it was still 14.6 percent. “The supply of raw materials and intermediate products has improved significantly recently,” said the head of the Ifo surveys, Klaus Wohlrabe. The situation is now almost back to where it was before the Corona crisis.
The industry experienced the peak of delivery problems in December 2021: At that time, 81.9 percent of companies reported difficulties because the corona pandemic led to material shortages, some of which were significant. For example, car manufacturers lacked important microchips. But wood also became scarce at times.
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Industrial companies in Germany are once again able to obtain the materials and raw materials they need more easily. According to a survey by the Munich Ifo Institute, 10.2 percent of the companies surveyed reported bottlenecks. In February it was still 14.6 percent. “The supply of raw materials and intermediate products has improved significantly recently,” said the head of the Ifo surveys, Klaus Wohlrabe. The situation is now almost back to where it was before the Corona crisis.
The industry experienced the peak of delivery problems in December 2021: At that time, 81.9 percent of companies reported difficulties because the corona pandemic led to material shortages, some of which were significant. For example, car manufacturers lacked important microchips. But wood also became scarce at times.
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