S&P 500 companies that have reported third-quarter earnings so far this year, have mentioned the term “supply chain,” and “inflation” at the highest clip in at least a decade, according to John Butters, a senior analyst at FactSet.

So far, 475 companies have reported quarterly results and 342 of those, or 72%, have mentioned “supply chain,” setting a record for the most frequent mention by S&P 500SPX companies, according to data compiled by FactSet’s Butters, in a review of transcripts of company calls with analysts to discuss…