90 out of 200 million Victoria’s Secret holiday items arestuck at US portsdue to the global supply chain crisis with more than 100 container ships anchored offshore. And though 90% of the ordered items are coming in by air, the delivery takes up 4x more time than usual. To top it al...
Many of the supply chain risks predicted for 2022 came true. Here’s a look back at the year’s disruptions and their defining moments.
Supply chain issues refer to disruptions or inefficiencies in the sequence of processes involved in the production and distribution of goods. These issues can arise from a variety of factors. For instance, a lack of raw materials can halt production, while labor shortages can slow down manufacturin...
The global political and economic landscape has also affected the supply chain issues. Europe, in particular, has seen added cross-border checks and red tape due toBrexit. The ongoingUkraine-Russia Waris a significant factor in rising goods and transportation fees costs and continues to endanger ma...
Supply chain managers have faced their fair share of challenges in 2022. These issues, several of which stretch back to the COVID-19 pandemic’s onset in 2020, have caused widespread disruption, and many are far from over. Current trends suggest 2023 could be an equally challenging year. Som...
In this interview, McKinsey’s Tom Bartman discusses the causes of global supply chain issues and how key stakeholders are responding to these new challenges.
a strong ethical lens is also needed to address poor working conditions, modern slavery, and other social issues. These are critical issues that accountants and supply chain professionals have the power to change together - especially in this decade of action to reach the UN Sustainable Development...
In October last year, a group of Jefferies analysts estimated that at that point, the crisis had likely peaked and things would significantly improve by mid-2022. https://www.extraberries.com/en/ Other experts offered a gloomier outlook, however. They anticipated that supply chain challenges wou...
What will impact supply chains this year? Discover the top 5 most likely supply chain risks in 2024.
Homebuilder PulteGroup, which has previously suffered shortages of lumber and glass, warned this week of slower home closings, saying "the supply chain issues that have plagued the industry throughout the pandemic have increased during the second half of the year." Paint company Sherwin-Williams a...