Last year was marked by many challenges, including computer chip shortages, natural disasters, logistics impediments and energy crises. In fact, there are a number of issues resulting from the pandemic—call it secondary fallout—that are proving to be the most disruptive, including material shortages, increases in pricing, transportation/logistics and lack of manufacturing capacity.
Case in point: 56% of businesses surveyed experienced more supply chain disruptions in 2021 than 2020, according to a Hubs report.
- Over 98% of global companies are now planning to boost the resilience of their manufacturing supply chains, however, 37% have yet to implement any measures.
- As businesses develop long-term strategies, over 57% of companies say diversification of their supply chains is the most effective way of building resilience.
- 75% of companies have experienced external disruptions to their manufacturing supply chain in the past year.
- COVID-19 has been the single biggest disruptive event of the past decade, but material shortages have been the most disruptive factor of the past year.
- 98% of companies believe measures should be taken to avoid future supply disruptions, but only 63% have done so to date.
- 57% of companies believe that diversifying their manufacturing supply is the best way to prevent future disruptions.