World’s damaged supply chains brace for painful recovery

February 13, 2022 | Posted by unionwear

According to an analysis by Reuters, the global supply chain crisis could finally start to unwind towards the end of 2022.

But trade channels have become so clogged up it could be well into next year before the worst-hit industries see business remotely as usual, even assuming that a new turn in the pandemic doesn’t create fresh havoc.

Kellogg CEO Steve Cahillane told Reuters, “I wouldn’t think that until 2024, there’ll be any kind of return to a normal environment because it has been so dramatically dislocated.”

Time to accelerate reshoring manufacturing.

Read more HERE.