Supply has been chasing demand for quite some time now across multiple commodity groups, and this isn’t expected to let up anytime soon. Production lines are anticipated to be saturated in Q2.
Fusion Worldwide’s global team has collected information about manufacturers in Japan and the potential effects the earthquake will have on the supply chain.
The impact of the Russia-Ukraine conflict is anticipated to affect the global supply chain as both countries source materials for semiconductor production.
Nearshoring, the process of moving operations to a nearby country, has emerged as a strategic answer to lack of diversified resources caused by offshoring.