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Supply chain issues3/2/2023 Managements of companies that understand this phenomenon can take counterintuitive actions that will result in competitive advantage and better supply chain performance than competitors who do little. This is known as the “bullwhip effect.”īecause today’s supply chains are in a system crisis, “point solutions” such as “pop up” container storage yards, 24/7 container port operations or air freighting will not alone suffice. The loads on supply chains surge, experience a period of lesser load, and then surge again because the supply chain are systems. Further regulations impacting global supply chains will likely be enacted in 2022.Today’s supply chains are in turmoil - much of which is caused by the responses of participants in the supply chain to wild swings in demand. Increased Regulatory Scrutiny: Sustainability disclosure and reporting requirements for businesses continue to gain momentum amid scrutiny from governments, investors, and customers alike.Just-in-Time Shifts to Just-in Case: As the pandemic exposed flaws in “just in time” inventory systems, businesses have been exploring a shift to the “just in case” model, increasing buffer and safety stocks of critical components or best-selling products.The Continuously Changing Workplace: As the Omicron variant of COVID-19 spreads across the world, the risk of infection will force companies to reassess how workplace safety and worker compensation to avoid the risk of long-term disruptions from industrial actions or outbreaks of disease.Ocean Freight Bottlenecks: Facing record low-inventory levels, strong consumer demand, and ongoing COVID-19 impacts on logistics and workforces, the global ocean cargo industry will continue to suffer from port congestion and delays in 2022.A steady water supply is necessary for production and cooling equipment for pharmaceuticals, tech products, paper, garments, food processing, and other manufacturing industries. Worldwide Water Instability: Two thirds of the global population will face water shortages by 2025.For the expanded analysis, please download the full report here. “We developed the Everstream 2022 Risk Report to provide advice and commentary on where to double down on risk mitigation efforts to keep supply chains stable.”īelow is a quick summary of the top five supply chain risks for 2022. “Pandemic shortages have revealed the global supply chain’s fragile interdependence, pushing companies in every industry toward comprehensive risk assessments and flexible response plans,” said Julie Gerdeman, Chief Executive Officer, Everstream Analytics. The top 5 supply chain risks that global companies should prepare for in the next 12 months are detailed in the Everstream 2022 Risk Report from supply chain risk analytics provider Everstream Analytics. PLUS+ subscriptions start as low as $129/year*. Every article, every chart and every table as it appeared in the magazine for all archive issues back to 2010. To upgrade your subscription account, please contact customer service at:Įmail: Phone: 1-80 (1-50 x294 outside USA) To access our premium content, you need to upgrade your subscription to our PLUS+ status. Our records show that you are currently receiving a free subscription to Supply Chain Management Review magazine, or your subscription has expired. Need to access our premium PLUS+ Content? * Prices higher for subscriptions outside the USA. That's less than $0.36 per day for access to information that you can use year-round to better manage your entire global supply chain.įor assistance with your PLUS+ subscription, contact customer service. PLUS+ subscriptions start as low as $109/year*. Add convenient weekly and monthly email newsletters to your subscription to keep your finger on the pulse of the industry. Every article, every chart and every table as it appeared in the magazine for all archive issues back to 2009. Delivered by email faster than printed issues. Searchable replicas of each magazine issue.
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