Therefore, stocks like PPG Industries (NYSE: PPG), Axalta Coating Systems (NYSE: AXTA), and Sherwin-Williams (NYSE: SHW) have fallen in the last three months. The leading paint and coatings companies have alluded to higher than expected raw material price inflation and supply chain and logistics issues. Meanwhile, Axalta's management said, "inventory on hand in customer channels remains below normal levels," which will support a "continued recovery in both Net Sales and profit during 2022 and beyond."