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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009.

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The Future Is Now for Logistics

Material Handling & Logistics

from the year before, and about $250 billion more than companies spent on logistics in 2008. If things don't change, and we continue up this progression, by 2026, we will be at 170,000 drivers short. To move goods closer to end customers, companies are adding safety stocks, expanding overflow capacity and increasing inventories.