Because the pandemic drags into its second 12 months, COVID-19 has affected not solely the world’s well being however each level in a weakening international provide chain.
As workers shifted into working from house and lockdowns grew to become the norm the worldwide delivery trade and e-commerce went into overdrive as customers emptied native grocery cabinets. As vaccines grew to become extra widespread restrictions eased up however strain on provide chains didn’t diminish.
CanaData speaker and Altus Group senior director of value and undertaking administration David Schoonjans has pointed to an elevated want for corporations to enhance their threat administration when confronted with not solely provide chain disruption however potential future lockdowns and new virus variants. However incidents such because the Ever Given cargo ship blocking the Suez Canal and paralyzing international commerce can’t be predicted or ready for.
Financial Growth Canada chief economist Peter Corridor additionally famous delivery containers are more and more tough to acquire, exacerbating the issue and pushing prices upward.
To this point, there doesn’t appear to be an endpoint to the availability chain disaster.
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