"COVID exposed overdependence on a manufacturing hub while Hormuz exposed overdependence on a transport corridor and on energy inputs, the supply chain analyst told DW."
"COVID got companies to the point where they realized they can't just count on supply showing up when they need it. The Iran war shows it was not a one-off event."
The shutdown of the Strait of Hormuz has highlighted global dependence on energy transport corridors and raw materials. The International Energy Agency reported a significant loss of oil and natural gas supply, marking a historic disruption. While the pandemic caused a broad demand shock, the Iran conflict has resulted in a concentrated supply-side impact on energy and commodities. Experts suggest that these crises have changed how companies assess risk, emphasizing the need for more resilient supply chains.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]