Why the Great Supply Chain Disruption Will Continue in 2022
The highly synchronized global supply chain system developed over the past 30 years is under strain like never before and resolving the disruption will be less a "sprint" and more of a "marathon" that runs well into 2022.
The report, entitled The Great Supply Chain Disruption: Why it Continues in 2022 provides a comprehensive review and forward-looking perspectives from leading IHS Markit experts across a broad spectrum of the global economy.
"What is unfolding in supply chains globally is not only disruptive, it is also historic," says Daniel Yergin, vice chairman, IHS Markit ( now part of S&P Global) and editor of the report. "Moreover, the intense new focus on inflation adds to the urgency to understand what is ahead for supply chains in 2022."
While COVID-19 has been a significant factor in driving the disruption, substantial capacity, logistical and labor challenges also exist beyond the pandemic.
"Each industry is grappling with its own set of challenges and circumstances that, combined, make up the Great Supply Chain Disruption," says Peter Tirschwell, vice president, maritime and trade and co-editor of the report. "Only by taking an integrated perspective can one truly understand the problem, and why untangling it is going to take longer than anyone would like."