Businesses are Feeling the Impact of Supply Chain Issues
The pandemic forced businesses to reexamine the way that they operate, but even though the pandemic is, unfortunately, still ongoing, many have returned to conducting business as usual like they did before it began. One part of business that will not return to normal anytime soon is the supply chain, as these issues will likely persist into the future.
What is Your Supply Chain?
Your supply chain is the network of vendors your business works with to ensure access to products or services rendered. Your various vendors make up your supply chain. It doesn’t just include products, either; it can include activities, people, information, and other resources that let you maintain operations.
A supply chain is incredibly important to the continued success of your business. For example, if your organization makes shoes, then you need access to the materials to make said shoes, like leather, rubber, and otherwise. Another example is the computers you use to provide goods or services to your customers. If there are shortages in the supply chain or if products are unavailable, then your supply chain will be disrupted, which also means a disruption to your operations and a negative impact on your bottom line.
Why is the Supply Chain Having Problems?
There are several reasons why the supply chain is experiencing problems, one of which is the pandemic. People were forced to move essential employees off-site, meaning they needed the technology to make this happen. The pandemic placed a significant