How to Get a Handle on Today’s Volatile Supply Chains By Luke O’Neill and Sabine Vollmer Companies worldwide continue to battle bottlenecks and shortages in their global supply chains. A global shortage of semiconductors is causing low production of cars and electric products. The plastics industry has been dealing with a shortage of raw materials while cargo ships are waiting to unload in backlogged ports. And lumber prices have skyrocketed, halting construction in some places. “Risk is a much, much bigger factor now,” said Ken Koenemann, vicepresident of supply chain and technology with TBM Consulting, a firm that specializes in operations and supply chain consulting for manufacturers and distributors.
24
AZ CPA JULY/AUGUST 2021
