Supply chain disruptions do not have to be as earthshaking as a container ship stuck in the Suez Canal, although clearly, that disaster just added to the problem. The perilous impact of supply chain disruptions can come in many shapes and forms.
Let’s explore a few.
Month: January 2022
U.S. manufacturing production, which had been slowly declining for decades, saw its lowest point during the Great Recession of 2008-2009. Since then, however, the sector has seen a strong rebound.
Two reasons often cited for the decline are offshoring and the slow adoption of innovative technologies. Let’s take a look at these factors one at a time.