Supply Chain Woes Catalyzing A New Era Of Retail Logistics Transparency
The “just in time” supply chain worked well enough to paper over the cracks, but since COVID-19, retailers have been grappling with a supply chain crisis. The pandemic closed ports, caused goods and containers to pile up, and crippled air freight. Since the economy started reopening, demand has shot up, and the flaws yawned into gaping chasms. Q3 2021 hedge fund letters, conferences and more Containers left on the wrong side of the world caused a shortage that drove prices sky high. A shortage of truck drivers, train drivers, and port workers added to the delays, with unloaded containers creat...