Global supply chains have become enormously complex in the modern era. These diverse sequences of processes power production and international commerce on a massive scale. From sourcing components overseas to delivering the finished product to a customer’s door, the processes involved necessitate synchronization at multiple points.
What happens when one of these chains kinks or a critical link breaks? With the pandemic’s extensive difficulties, we’ve seen exactly how sensitive the system can be, as well as some of the devastating repercussions of its disturbance. The following is a brief overview of some of the primary contributing elements to the supply chain issue, as well as how certain manufacturing companies are striving to recover.
The solutions to this situation are not simple. However, if manufacturing delays, high prices, and market uncertainty continue into 2022, we may see new technologies emerge and more enterprises alter their operations to survive.
Please check the accompanying infographic for further information on the impact of supply chain shortages on production.