Robust demand despite multiple lockdowns worldwide adversely impacted global industrial supply chains. As pandemic-fueled operational challenges continue, supply chain issues are projected to continue in 2022. The challenges surrounding cargo ships, labor shortages and constraints, limited storage space, supply and demand imbalances have been further exacerbating the supply crunch. And market fluctuations driven by the supply chain risks and inflation have had a critical impact on businesses.
According to a study by Flintfox, approximately 39% of businesses cannot keep up with price fluctuations in the market due to the ongoing impact of pandemic, inflation, and supply chain issues. Retail, manufacturing, and consumer goods companies face issues in managing their profit margins and are incurring high losses.
