Equipment part shortages are still weighing on the agriculture industry.
Supply chain backlogs and a lack of labor have caused shortages in all sectors, especially in manufacturing. John Deere’s Director of Corporate Economics says it is a regular struggle and compares it to a game of Whack-A-Mole.
“You have these parts here, and the next part is missing. So, our employees are working so hard along with our dealers, as well, trying to help work through this. You know, we have chartered company planes or other planes to go and pick up parts in different parts of the world. We also chartered vessels to go and do that. So, things continue to be difficult, but, as you know, we have quite a bit of machines that are sitting because of a few parts. Once we can get these parts coming in, I think that situation would continue to improve,” said Dr. Kanlaya Barr.
Barr expects demand to decline within the next year or two, which should help manufacturers catch up on back orders and re-establish supply chains.
