NEW YORK, (Reuters) – The biggest U.S. manufacturer including General Motors (NYSE :). General Electric (3M, Boeing (NYSE)), and 3M (NYSE:) are facing logistic headaches and increased costs as a result of global supply shortages. These problems will likely continue into next year. However, the companies have agreed to reduce profits by raising prices.

Companies all over the globe raised alarms months ago about shortages that had pushed raw material prices, from steel to chemicals, higher.

Investors got an inside look this week at the management of companies in earnings reports.

Mary Barra, GM Chief Executive Officer, stated that it all starts with a really strong price. We were able (with full-sized trucks and full-size crossovers) to perform very well. There are just not enough of them.

GM wants to make its supply chains more efficient and said she believes the chip shortage in the second-half of 2022 will improve.

Larry Culp is the Chief Executive Officer of General Electric Co. The company makes jet engines and turbines and tries to keep investors on the edge of their seats.

Culp stated that “I don’t think we are yet in a position where we could say that things have stabilized.” Culp spoke to investors during Tuesday’s earnings call. Culp said that it was akin “playing whack a mole.”

General Electric anticipates that there will be supply limitations throughout the remainder of this year and 2022. This would impact the company’s healthcare operations, which could lead to a loss in profit. Boeing Co They also reported a “severely weak supply chain”.

Companies have struggled to get the supplies and parts they need to create a range of products.

Harley-Davidson (NYSE) stated Wednesday it had increased the surcharge price in America to offset rising raw material prices. These costs are expected to continue rising and Harley-Davidson is looking at higher global surcharges.

Harley-Davidson claimed that the global inventory shortage was also restricting Harley-Davidson’s international market share.

McDonald’s Corp. (NYSE:] also stated it needed to increase prices in the United States.

3M Co., an industrial giant said Tuesday that its full year earnings outlook was cut and it plans to increase product prices to address inflationary and supply-chain pressures.

According to the company, it faces higher labor costs, as well as polypropylene, epoxy, resins, and cost of materials. According to the company, it was concerned that the semiconductor crisis would not go away in its electronic and automotive markets.

This Tuesday Lockheed Martin Corp (NYSE:), has dramatically reduced its expectations of sales for the year. It said that the pandemic had hampered the supply chain of the largest U.S. defense contractor. The shares of the company plunged by more than 11% Tuesday.

The chief financial officer of Lockheed said that the situation has gotten worse for them in the past two months. Lockheed, the manufacturer of F-35 fighter planes, lowered 2021 revenues expectations by 2.5% and now expects $67 billion. Next year’s revenue may fall to $66 million.