Global supply networks have gotten increasingly complex in recent years. These numerous activity sequences massively power industry and worldwide trade. Demand synchronization was required at numerous stages of the activities, from the procurement of foreign components to the delivery of the finished product to the customer’s door.
What happens if a supply chain link becomes clogged or breaks? We’ve seen how vulnerable the system is, as well as some of the disastrous repercussions of its disruption as a result of the pandemic’s significant issues. The following is a summary of some of the key causes of the supply chain problem, as well as how certain companies are striving to recover.
This problem has no obvious answers. But, if production delays, high costs, and market uncertainty continue until 2022, other technologies may emerge, forcing more enterprises to alter to survive.
Check out the infographic below to discover more about the consequences of supply chain shortages.