In this Easter Special Edition Tony Hines takes a retrospective look at all things impacting global supply chains and identifies some key challenges for supply chain managers and the C suite.
Many factors have disrupted global supply chains including:
- Geopolitics
- Inflation
- Energy Price Increases
- Climate change and droughts
- Shipping costs and container box prices
- Covid 19 pandemic
- Disruptions continue to impact global supply chains
- Ports under pressure with delays and strikes
- Trade wars between US and China
- Threats to supply chains from cyber attacks
- US policies aim for resilient supply chains and the notion of friend shoring
- Costs and risks moving to EV's and China's leading position in controlling mineral resources along with their processing capabilities give the country a leading edge in shaping the new automobile market.
- Retail supply chain costs have risen and average inventory levels are much higher
- Russia invading Ukraine and the grain shortages that followed
- Food shortages due to many factors including climate change, droughts, and Brexit have caused empty shelves in the supermarkets.
- Labour shortages and skill gaps emerged in the UK and Brexit made matters worse. This impacted food supply chains with shortages of workers to pick and harvest crops.
- Inflationary pressures have brought strike action as workers seek to get higher wages.
- Energy prices have gone sky high and many businesses may decide enough is enough and some already have.
- Brexit has posed many challenges for the UK with the Northern Ireland Protocol, worker shortages, supply chain frictions, additional costs and extra paperwork which has added to the problems of inflation for the UK.
- Energy, food and water security are some of the big challenges.
Send us a text
Support the show
THANKS FOR LISTENING PLEASE SUPPORT THE SHOW
You can support the podcast by following the link here. It makes a big difference and helps us make great content for you to listen to. Follow like and share the Chain Reaction Podcast with colleagues and friends on social media: Facebook, Twitter, LinkedIn.
News about forthcoming programmes click here
SHARE
Please share the link with others so they can listen too https://chainreaction.buzzsprout.com/share
LET US KNOW
If you have any comments, suggestions or questions then just direct message on Linkedin or X (Twitter)
REVIEW AND RATE
If you like the show please rate and review it. Every vote helps.
About Tony Hines and the Chain Reaction Podcast – All About Supply Chain Advantage
I have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon...
