Supply Chain Shortages & Its Impact On Manufacturing
How exactly are global supply chain shortages impacting manufacturers? Supply chain shortages often lead to poor supply chain visibility for manufacturers around the globe. This is to say that it can be difficult to keep an internal record of what’s available and what’s not. Most times, manufacturers utilize technology to better optimize the management of this inventory, with hopes of avoiding slip up. That said, according to the Business Continuity Institute, with only 55.6% of organizations in the space using such technologies, it’s clear that there’s still room for improvement. With better visibility comes a more clear and comprehensive understanding of your supply chain and can help forecast potential disruption risks. Preparation of this kind can also help minimize long-term delays throughout any production process. Integrating these supply chain visibility technologies have proven to provide value to a number of organizations in the space. For more information on the ways in which they may improve your organization’s output, please see the resource supported alongside this post.