US Companies Grapple With Surging Costs as Supply Chain Problems Persist

US Companies Grapple With Surging Costs as Supply Chain Problems Persist
Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex on April 7, 2021. Lucy Nicholson/Reuters
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Dave Petratis boosted wages for his U.S. factory workforce in December—six months ahead of schedule for normal annual increases.

It wasn’t enough.