Supply Chain Disruptions: Factsheet of the Global Impact
Business | September 29, 2022 | By
Covid-19 was the first and most significant domino that caused a catastrophic ripple effect along the supply chain. Since then, Geo-political issues, customer demands, trade wars, and many other disruptors have caused upheavals in the global supply chain and hindered them from reaching their full potential.
Semiconductor shortage was a widely known byproduct of the infamous disruption, amongst many others. As a countermeasure, the United States passed a $52 billion chips for America Act to bring the manufacturing of microchips back to the United States. This decision is the result of the turmoil due to the global semiconductor shortage that has impacted every other sector to a severe extent. And this is only the tip of the iceberg.
Despite governments and organizations taking various countermeasures, the recovery process has not been very fast or reliable. The way forward is to focus on building resilient supply chains, improving operational resiliency, and restoring trust in employees and consumers alike.
Organizations should revisit their processes and strategize a better approach that starts at the root of the manufacturing process – a better sourcing strategy. Download the free factsheet to understand the cause and impact of global supply chain disruptions.
Download the Factsheet
References:
Page 1:
Impact on consumers – https://bit.ly/3nedDwI
Raw materials shortages – https://bit.ly/3OwfRTu
Labor Shortages – https://bit.ly/3bkdAwy
Shipping Cost – https://bit.ly/3OznMzB
Air Freight – https://bit.ly/3Og9Sm1
Container Shortage – https://nyti.ms/3NpbbhC
Spike in Price – https://to.pbs.org/3zZZRoM; https://bloom.bg/3bh5bd7
Page 2:
Material Handling & Logistics – https://bit.ly/3xTxENT
Gallup – https://bit.ly/3HPDNzf
Chain Store Age – https://bit.ly/3HVamMm
Page 3:
Accenture – https://accntu.re/39YVEaj
RetailNext – https://bit.ly/3bxeSV5
United States Census Bureau – https://bit.ly/3byEaSw
MarTech – https://bit.ly/3OoohwQ
Oracle – https://bit.ly/3xUoQHD
Page 4:
The Economic Times – https://bit.ly/3Nm6kh7
Journal of Commerce – https://bit.ly/3btad6x
ModuGo – https://bit.ly/3OMCxzb
Hillebrand – https://bit.ly/3HXAXYV
Logistics Management – https://bit.ly/3I1KKgD
Page 5:
Deloitte Global – https://bit.ly/3yFJYTw
AlixPartners – https://bit.ly/3R3sAzr
CDW – https://bit.ly/3uobUZt
Page 6:
Forbes – https://bit.ly/3IvMxLm
Datex – https://bit.ly/3yODIJ8
Trucking.org – https://bit.ly/3anp56n
Brookings – https://brook.gs/3Pd8QHL
US Chambers – https://bit.ly/3yuhsmm
Page 7:
Supply Chain Brain – https://bit.ly/3o9LPtA
Statista – https://bit.ly/3uWfquF
CNBC – https://cnb.cx/3BeO471
Pacific Shipping Group – https://bit.ly/3PyIsbj
Load Star – https://bit.ly/3cmZxa5
