Supply chain issues that rocked 2021 look set to continue into 2022 as the world struggles to deal with uncertainty over COVID-19 and the new variants associated with it, according to a new report from Transport Intelligence (Ti) Insight.
The whitepaper said the COVID crisis has led to disruption of production, especially across Asia, as a result of the impacts of government lockdowns, a coal shortage, and difficulty among many emerging market exporters in accessing trade finance, which is critical to the functioning of many global supply chains.
“This challenging manufacturing environment has been exacerbated by ‘lumpy’ demand from Western customers, struggling to understand their own markets. This has resulted in a stop-start pattern to both orders and fulfilment, wreaking havoc with inventory management and, most egregiously, with the capacity planning of shipping lines,” the report said.
For the full report, visit https://www.portcalls.com/supply-chain-issues-that-look-set-to-continue-into-2022/