Natural disasters, cyber-attacks, pandemics…oh my! If we had to describe the 2020s in one word so far, ‘disaster’ might be the one we’d choose. We’ll be feeling the domino effect these events have had on our life, our businesses, and our economy for years to come. And just when we think we’re in the clear, surprise! Something new happens and we find ourselves shaking our heads in disbelief thinking…again? Really?
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The last few years have unquestionably tested our dependency on a commercial goods supply chain constantly in motion. From pandemics and severe weather to canal blockages and labor strikes, even the most successful companies are currently feeling the effects of the currently clogged chain, regardless of industry. In the wake of the Covid-19 shut down, factories closed or slowed production and the re-opening of the economy has been anything but seamless. There just isn’t enough – people (longshoremen, drivers, and postal workers), places (warehouse space), or things (lumber, computer chips, paint, etc) – to fill the demand for many of the goods that consumers need and want today.