On the good news side of thing, my husband's industry is packaging and they are still going strong. Boxes may sound boring but they are one of those "indicator index" sort of thing. We knew about/were affected by the GFC (global financial crisis of 2007ish) about 6 months to a year before the rest of the country/world because suddenly there was not only no overtime but reduced hours. When companies aren't expecting to sell things, they don't order boxes for things they aren't selling... Throughout the last two years, his company has been pretty much business as usual except for covid safety concerns.
So yes, more shortages and more inflation brought on by a number of variables. As I say, "may you live in interesting times" is a curse and not a blessing, but here we are!