The news: There are signs that the Asia supply chain snarls that have upended retailers’ operations throughout the pandemic are starting to ease, according to Chang Shu, Bloomberg’s chief Asia economist.
Complicating factors: The global supply chain faces a host of challenges that extend beyond Asia. For example, many empty containers needed by Asian exporters are stuck in the port of Rotterdam due to a growing backlog of undelivered goods at Europe’s busiest export hub.
Time for change: The supply chain disruptions have pushed a number of companies to rethink their production processes.
The big takeaway: The global supply chain interruptions that the pandemic has brought to light should drive retailers to shift away from their old ways of operating.
Go further: For more on The Era of Uncertainty, read our report here.
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