Dedalus Consulting Weighs in on Navigating Supply Chain Disruptions
Summary
Some of these are plentiful and more easily sourced.However, from 2020-2022, the deficiencies across multiple supply chains were brought into stark relief, and although they have somewhat been compensated for, they are not fully resolved. Further exacerbating the issue is that disruptions in one sector can ripple through an entire supply network, creating impacts on multiple industries. In 2022, supply chain issues surrounding the sourcing of tungsten from China continued to cause major issues not only in production within the tooling industry directly but also on the demand side within end-user industries, particularly within the semiconductor industry and the automotive industry.Supply chain disruptions will continue to be prevalent, and they are likely to increase in frequency and intensity due to new challenges being caused by the impacts of climate change, technological change, world events, and trade policies.Thus, moving forward it is important for manufacturers and end-users to have strategies in place that will help them prepare for ongoing supply chain disruptions. Some initiatives being taken include building multinational partner networks that will be able to supplement supply when there is a shortage or disruption; automating processes on the factory floor that will continue to decrease material usage; and implementing better efforts to recycle and reuse waste materials.About Dedalus Consulting:Dedalus Consulting is a privately owned and independently operated market research publisher and consultancy.Our research focuses on both emerging and mature markets in high-technology sectors, including tooling and machining, advanced materials, frequency control and timing, surge and circuit protection, energy and renewables, life sciences, and next generation computing. Our clients range from Fortune 500 companies to private equity and investment banking institutions to academic research organizations engaged in the research, development and manufacturing of advanced technology products and services.For more information, please contact Dedalus Consulting at info@dedalusconsulting.com or call us at (212) 709-8352.