Title: What Are the Main Supply Chain Challenges? | Blume Global
Headings: What Are the Main Supply Chain Challenges?
What Are the Main Supply Chain Challenges?
Increased Costs Throughout the Supply Chain
Supply Chain Complexity Due to Multiple Channels to Market
Consumer Demands Drive Need for Improved Speed, Quality and Service
Risk in the Supply Chain Creates Pressure
The Impact of Supply Chain Volatility
Other Demands on the Supply Chain

Content: This pressure can easily turn into risks and issues that snowball throughout the network, causing significant problems: Suppliers, manufacturers, logistics, clients and customers are spread across multiple countries, time zones and continents, requiring careful coordination and management. Adding more steps to the supply chain creates exponential complexity for upstream and downstream partners. Siloed data and a lack of visibility increases the difficulty of reporting, business intelligence and good decision-making. Regulations, compliance and quality management demands strong agreements, contracts and controls with supply chain organizations. Supply chain managers must develop contingencies and mitigating action plans to prioritize and eliminate risks and manage issues when they occur. The Impact of Supply Chain Volatility
Volatility and complexity don’t just create problems at a specific point in the supply chain, instead the impact can ripple throughout the entire infrastructure. Supply chain managers must deal with these issues promptly before they create delays, backlogs, bottlenecks and other issues. Political circumstances and protectionism are introducing tariffs across trade routes that results in additional fees, delays and increased customs processing time. This means slower international shipping and the ability for competitors in different countries to take advantage of lower tariffs.