La ongoing supply chain crisis is not going to end anytime soon, according to a new survey of CFOs. The majority of CFOs, who represent a wide range of companies across multiple industries, expect the challenges to last until 2022. They warned that their companies are supply chain disruption which resulted in production and shipping delays as well asrising materials prices. The CFO survey, released Thursday, was compiled by the Fuqua School of Business at Duke University and the Federal Reserve Banks of Richmond and Atlanta. About 10% of those surveyed said that supply chain difficulties will be resolved by the end of this year, but the Most CFOs say that the issues will not be resolved until the second half of 2022 or later, a press release says. In addition to the disruption in the supply chain, executives said hiring is an even more pressing concern . encourages most of them to increase wages by around 10% to fill vacant positions. Find out more The challenges of the chasupplies during the pandemic were well documented, and on Wednesday The White House has announced that it will work with businesses and ports on a 90-day sprint to reduce bottlenecks. Some will be working 24/7 to remedy the delays. Ports around the world are congested due to the rapid rebound of the demand for commodities and goods as much of the global economy has recovered from the pandemic. In turn, shipping costs have skyrocketed and businesses looking to move goods are struggling because there are simply not enough ships or containers available. prices go up for r consumers.