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Supply chain disruptions have always been a part of global trade. However, a new report from HSBC highlights how companies in the current market are increasingly exposed to unexpected global events.
These disruptions cascaded into the global shipping industry where ports like the Port of Los Angeles, a major hub for imports from Asia, are unable to clear their shipyards in a timely fashion, further exacerbating the supply chain crisis. This has led to suggestions that stockpiles and diversification of suppliers should be more heavily focused.
Although blockchain won't eliminate the need for trust, EY says, the ledger tech could give retailers more clarity on where disruptions occur. Supply-chain disruptions are on the rise.
America’s most popular fruit might be taking a temporary leave of absence from some grocery store shelves. The first East Coast port strike since 1977 shut down 36 ports from Maine to Texas on ...
Former Home Depot CEO Bob Nardelli recently weighed in on the affordability crisis. ... ongoing supply chain disruptions and labor shortages. Prices for essential goods like food, gasoline and ...
Between 2020 and 2023, there was a worldwide chip shortage affecting more than 169 industries, [1] which led to major price increases, long queues, and reselling among consumers and manufacturers for automobiles, graphics cards, video game consoles, computers, household appliances, and other consumer electronics that require integrated circuits (commonly called "chips").
As Indonesia is the largest producer of palm oil, and with a harvest decline in the second largest producer and neighbor Malaysia, the ban has caused severe global supply chain disruptions and further exacerbated the price increases caused by the loss of Russian and Ukrainian oil exports and failures of soy crops in South America. [85]
The COVID-19 pandemic, combined with global conflicts like the war in Ukraine, caused major supply chain disruptions and higher prices—with grocery store prices in 2024 almost 25% higher than ...
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