Global supply networks have become extremely complex in recent years. On a large scale, these varied activity sequences power industry and worldwide commerce. Demand synchronization was required at numerous stages of the operations, from sourcing components overseas through delivering the finished product to the customer’s door.
What if one of these chains kinks or a critical link breaks? We’ve seen how vulnerable the system can be, as well as some of the serious repercussions of its disruption as a result of the pandemic’s significant issues. The following is a brief overview of some of the major causes of the supply chain issue, as well as how certain manufacturers are attempting to recover.
This conundrum has no obvious solutions. But, if manufacturing delays, high cost, and market uncertainty continue until 2022, new technologies may emerge, forcing more enterprises to adapt their operations in order to survive.
For additional information on the impact of supply chain shortages on production, please check the infographic below.