October 20, 2021
Economy

JPMorgan’s Dimon says supply chain woes ‘will not be an issue next year’

JPMorgan Chase CEO Jamie Dimon expressed optimism Monday that the U.S. economy will soon recover from supply chain issues that have plagued companies and consumers in recent months.

“I should never do this, but I’ll make a forecast,” Dimon said during a virtual appearance at the Institute of International Finance’s annual conference. “This will not be an issue next year at all. This is the worst part of it. I think great market systems will adjust for it like companies have.”

Supply chain issues are a source of mounting concern as global economies attempt to meet surging demand and recover from the COVID-19 pandemic. Executives from several companies, including Nike, have noted disruptions could weigh on their earnings in the coming months.

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