“Everywhere You Look, the Global Supply Chain Is a Mess,” read a recent headline in the Wall Street Journal.
“What’s next?” That’s what most of us have been saying for the past year and a half!
From the pandemic to natural disasters…indeed the global economy is unstable at best.
Industry wide the supply of raw materials has been a turbulent sea to traverse.
So, what caused this unsettled atmosphere?
Harvard Business Review named the following five contributing factors:
And then add in the fact that we had seen lower gas prices which resulted in a decrease in supply; frankly, that came back to “…bite us in the butt” says J. Salewicz of Metro Plastics.
Covid-19 topped it all off to form what could have been a disaster for Metro Plastics but was a reality for struggling manufacturers.
Accumulation of these variables in the right environment produced the perfect storm. By design, Metro had the right people with the right skills to forecast what we could do to protect our customers.
The survival strategies:
We acknowledge that not all links in the supply chain bear these strategies. We are extremely grateful for each supplier, customer and opportunity. Contact us today to ensure your plastic parts outperform and outlast the competition.