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Global Supply Crisis: Challenges & Ways to Overcom

George Cosmin Tanase

Romanian Distribution Committee Magazine, 2021, vol. 12, issue 4, 32-37

Abstract: With globalised supply chains in turmoil, combined with consumer demand for locally sourced, carbon neutral supply chains, the current crisis in logistics could spark the beginning of a larger reorganisation of global commerce. Recent news that global food prices have reached their highest point since the 1970s (in real terms) has given cause for concern for governments and corporations alike. However, the adjacent supply chain crisis, which is being touted as a reason for these price increases, is not so much a supply crisis as a logistics crisis. The current high demand for goods is being met in terms of production but cannot be accommodated with existing logistics infrastructure.

Keywords: Logistics; Supply Management; Forecasting; Customer Demand; Holistic Perspective (search for similar items in EconPapers)
JEL-codes: L81 L86 M31 Q55 (search for similar items in EconPapers)
Date: 2021
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Handle: RePEc:rdc:journl:v:12:y:2021:i:4:p:32-37