Supply Chain
Article

6 trends shaping the global supply chain in 2023

by
Fast Company
November 18, 2022
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Summary

Here’s why the supply chain is still kind of a mess—and when experts expect it will finally return to normal.

The one-two punch of the pandemic and the Great Resignation put shipping companies and ports at a severe disadvantage that both are still working to overcome. Consumers, meanwhile, who largely never gave the shipping industry a second thought before 2020, are learning a lot more about the ins and outs of getting products to manufacturers and stores.

Right now, much of the focus is on the upcoming holiday season, with major retailers like Amazon strongly encouraging users to begin shopping early (through programs like the recently completed Prime Early Access Sale). But how do things look a little further down the line? Here’s what the experts have to say.

GOVERNMENT INTERVENTION REMAINS A POSSIBILITY

While governments have tried to clear a path as much as possible for shipping companies, they’ve resisted a direct hands-on approach through this crisis. But a report from research and data firm IHS released in late September raised the possibility of government intervention in the future, as geopolitical events, rising inflation and other hurdles could cause problems.

Read more here.

Fast Company
Fast Company

Fast Company is the world’s leading business media brand, with an editorial focus on innovation in technology, leadership, world-changing ideas, creativity, and design. Written for and about the most progressive business leaders, Fast Company inspires readers to think expansively, lead with purpose, embrace change, and shape the future of business.

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