Supply chain disruptions continue to rock the world of manufacturing, presenting real threats to productivity and having a huge impact on the bottom line of many businesses. From semiconductors and medical supply shortages to the surging costs of building materials and consumer goods – logistical issues and fluctuating, unpredictable prices are causing massive disruption to businesses of all types and sizes around the world.
Compounding the problem is the fact that the traditional manufacturing model of build, ship, and receive is no longer fit for purpose in the current climate, which experts agree isn’t going away any time soon. Add to this the well-documented global labour and skills shortages and you have the perfect storm.