The last 20 months have been a collective nightmare for global supply chains, as companies around the world continue to tackle head-on just about every disruption imaginable. But in times of chaos come lessons in resiliency.
At a macro level, companies face a confluence of port delays, container shortages, record freight costs, COVID-related labor shortages, factory shutdowns, and production delays. At a micro level, sector-specific disruptions include truck and driver shortages in the transportation industry; appliance and building supply shortages in the homebuilding industry; and shortages in various other components, raw materials, and ingredients, further constraining numerous additional industries. And that’s not to mention the ever-present risk of natural disasters or other unpredictable events at a geographical level.
