Big Challenges for Global Supply Chain Managers

1. Disruptions and Uncertainty:

   • The COVID-19 pandemic showed us how fragile our supply chains can be. About 75% of supply chains around the world faced big problems.
   • Rising global tensions have made things even trickier. This has influenced 35% of decisions made by supply chain managers.

2. Rising Costs:

   • Shipping costs have skyrocketed. For example, container shipping rates went up by 300% from 2019 to 2021.
   • Inflation is also hitting the logistics world hard, with costs rising by 8%. This affects how much money companies have to spend.

3. Sustainability:

   • A lot of people, around 66%, prefer to buy from companies that care about the environment. This pressure is pushing businesses to adopt greener practices, even though it might cost more to comply with new rules.

4. Technology and Integration:

   • Half of all supply chains are not making full use of digital tools. This can lead to wasted time and higher costs for businesses.

5. Talent Shortages:

   • The supply chain industry is struggling to find workers. It is estimated that there will be a shortage of 1.4 million skilled workers by 2025.