In the current era, global supply networks have become tremendously complicated. On a huge scale, these various sequences of operations power industry and international commerce. The processes involved demand synchronization at various points, from procuring components overseas to delivering the finished product to a customer’s door.
What happens if one of these chains kinks or a vital connection snaps? We’ve seen how sensitive the system can be, as well as some of the severe consequences of its disruption, thanks to the pandemic’s considerable challenges. The following is a brief review of some of the major contributing factors to the supply chain problem, as well as how certain manufacturing organizations are attempting to recover.
The answers to this problem are not straightforward. However, if production delays, high pricing, and market uncertainty continue through 2022, new technologies may emerge and more businesses may change their operations to survive.
Please see the infographic below for more information on the impact of supply chain shortages on production.