From war to weather, supply chains have been tested in the last year. According to a Bloomberg Law Analysis of 2023’s Top Supply Chain Disruptors, “inflation, rising interest rates, and the strong US dollar will play a leading role in supply-chain dynamics for the coming year.” Let’s review a few 2022 events that will continue to impact inventory management:
- Russia-Ukraine War: Surging energy prices and rising costs of natural gas in Europe
- Weather Disasters: Extreme global weather is likely to continue in 2023 which will impact food and water resources, as well as distribution channels. This means possibly moving logistic centers away from storm-prone locations.
- Recession Fears: The timing is uncertain but declines in spending and jobs will increase payment defaults and supplier bankruptcies.
- Global Strife: International politics such as security tensions between the US and China will continue to play a role in supply and demand.
The good news is that there are available programs created to help control inventory management. Shippers Solutions offers a wide range of innovative supply chain solutions designed to effectively manage the availability of supplies and raw materials. For manufacturers who struggle to regulate the precise amount of inventory needed to fully address operations and production demand, we have a solution called Supply Stream. For more information go to www.neverrunout.com.