RV industry economists believe supply chain issues may be coming to an end soon, and shipments could increase.
As per a report, during the RV Industry Association panel discussion held on Tuesday, ITR Economics Senior Economist and Econ Manager Eric Post presented charts further detailing the recent growth and decrease of supply-and-demand chains.
The first supply chain problem came in 2020 when businesses closed, and the country struggled to meet consumer demands. When the stimulus funds came, Post explained, buyer power and demand grew.
“It wasn’t that people couldn’t produce,” he said. “It was that demand was far outstretching supply.”
Post added that the realignment between demand and supply could occur in 2022.
War and sanctions could create minor supply chain issues. However, Post said, for the most part, all indicators point to normalization.
“It’s important because when we see supply chain normalization occur, it means that inflation is going to ease,” he explained.
The information came as part of an analysis of how the current economic situation could influence RV production and future sales for both the local and national RV industries.
One thing the RV industry might have to contend with in the near future, however, is the rise in interest rates which RVers tend to see as much as 16 months later.
Post added that consumers could draw money from their savings to cover inflation and reduce debts. The research that was presented to the panel also revealed that debt decreased from 33% to 9%.
This story originally appeared on Yahoo.