![]() Today’s turbulence and volatility might be here to stay. As demand-side behavior returned to pre-pandemic norms, retail supply chains were stuck with excess inventory and warehouse space. Consider the retailers who’d adjusted to new consumer purchasing patterns during the pandemic-more furniture, televisions, appliances, and casual clothes-only to find themselves caught out when people began spending less time at home. All while climate indicators generate further uncertainty.Īnd that’s just on the supply side. ![]() And geopolitical risk has surged to its highest level in many years. The pandemic lingers, and inflation is up, including soaring costs for industrial energy in Europe due to Russia’s war on Ukraine. Supply chain managers are quitting in droves. A persistent shortage of raw materials is upending manufacturing. For today’s global supply chains, it’s one crisis after another.
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