There has been a run of strikes or threats of strikes lately with the latest UAW strike impacting the Big 3 automobile manufacturers. If it lasts longer than a few days, there will undoubtedly be a huge impact on the end-to-end supply chain as well as the economy.
Executives are tired after surviving the pandemic, navigating supply chain disruptions, handling soaring inflation, and dealing with one challenge after another. However, it is not time to rest as supply chain risks abound.
Supply chain risks are exploding. Just look at the news, and you'll see a potential UPS strike, a Canadian port strike, potential hurricanes (Hawaii, Florida), China stirring up potential conflict with China, the Crimean bridge attack, and much more.
The world of supply chain and logistics has been plagued with volatility, disruptions, geopolitical issues, concerns about energy availability and transition, increased regulations, and rare earths.
A UPS strike was averted on the last day of the quarter, but it still hangs in the balance as the two sides are not on the same page! The head of the union said an imminent strike was likely when a counterproposal fell flat. Now that a new counterproposal was submitted, the imminent strike was called off with a new date set within a week.
There are mountains of geopolitical threats going on with significant impact on the supply chain. Most, if not all of these also relate to natural resources.
According to an article in Foreign Affairs, the per capita available water supply around the Northern China Plain (253 cubic meters) is nearly 50% below the UN definition of acute water supply.
Special Report: How Companies Should Reshape to Succeed in 2023 & Take Advantage of Huge Opportunities Coming Down the Pike
Originally posted in Adhesives and Sealants Industry in May of 2023 As the healthcare industry supply chain faces more challenges, supporting industries must be proactive, resilient, and innovative. Although the visible bottlenecks in the healthcare supply chains are getting calmer, volatility will remain high. From the impacts of increasing [...]
On a recent trip to Europe, I was fortunate to combine work with pleasure. Finland is diverse from Helsinki to the arctic circle, and we were thrilled to gain picturesque views of the northern lights. I was surprised there are multiple cruise ships that go from Helsinki to Estonia each day because the people and countries are interconnected.
