The delicate balance of the global supply chain

Supply chain industry

The COVID-19 pandemic (along with new outbreaks of the Delta variant), climate change (along with typhoons and hurricanes hitting Asia), and country-specific restrictions are causing delivery times for goods that used to take weeks to deliver now take months.

The problem is worldwide, not only in the ports of China there are delays, but the effect will continue in the United States. When the goods arrive, the problem is repeated as the ports and railroads are faced with severe delays.

The supply chain industry contains 25 million containers and some 6,000 ships continuously transporting goods around the world. As a result, any delay situation causes a major problem.

An example from the supply chain industry could be; last March in the Suez Canal this accident delayed delivery and caused an increase in product prices. This event could have had consequences with the overall price increase (Inflation).