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Supply Chain Disruption

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Global Supply chain disruption leads to an increase in cost of procurement. There are many reasons for the current issue in supply chain disruption globally.

  • Suez Canal blockage is delaying an estimated $400 million an hour in goods

https://www.cnbc.com/2021/03/25/suez-canal-blockage-is-delaying-an-estimated-400-million-an-hour-in-goods.html

  • India and China are disrupted with COVID and this leads to the shutdown of the major ports in shanghai.
  • Prices of containers increased 10 times in the last 12 month
  • Lock of containers for import into USA from major steamship lines