1F7E542D0DCD335B872587720053B74D Hearing Summary CLICS/CLICS2021A/commsumm.nsf PUBLICBILL SUMMARY For SUPPLY CHAIN DISRUPTIONS AND INFLATIONINTERIM COMMITTEE TASK FORCE ON ECONOMIC RECOVERY AND RELIEF CASH FUNDDate Oct 18, 2021 Location Old State Library Supply Chain Disruptions and Inflation - Committee Discussion Only Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/5F76334DA657...$File/Attachment A.pdf?OpenElement Attachment A.pdf 09:14:28 AM Gregg Macaluso, Leeds Business School, University of Colorado, began the presentation on supply chain disruptions and inflation, including the source of disruptions, economic reactions by supply chains and risks moving forward, and ideas for speeding recovery. A copy of his presentation is available as Attachment A. 09:19:04 AM Mr. Macaluso noted that a confluence of factors have resulted in disruption of supply chain performance. He responded to questions from the task force about how workforce shortages have affected the supply chain issues. He discussed the factors that contributed to the current issues, including outsourcing, a pre-COVID e-commerce explosion in demand for last mile servicing, and other factors. 09:34:01 AM He continued by discussing the economic reaction and risks to supply chain issues, including that the Producer Price Index is up 19 percent in the last year through August. He discussed the short-term risks to the supply chain balance. 09:35:39 AM He discussed potential opportunities for Colorado to address supply chain issues, including seeking inter-state partnerships to create shorter supply chains, regional collaborations, and supporting infrastructure development efforts to expand non-truck-based logistics capacity providing better scale. He further suggested supporting transportation agency efforts to use technology to improve supply chain transparency and visibility, and investigating root causes for staff attrition/resignation in supply chain roles. 09:41:29 AM Mr. Macaluso responded to questions from the members of the task force regarding spending on infrastructure. He continued to respond to questions regarding shortages in trucking labor.