The supply-chain panic of 2021 has created a media frenzy that has consumers wondering whether they will be able to procure any given desired item.
Consumers are being bombarded by daily articles such as “How the World Ran Out of Everything” (New York Times) and “Delays, Shortages, and Price Increases: Welcome To Holiday 2021” (Forbes), prompting widespread concerns about bare shelves and potential stockouts.
Meanwhile, in the business world, the September 2021 earnings season saw an increase of more than 400% in mentions by CEOs of supply-chain issues compared with the prior year. The uproar has led President Biden to ask Congress for a special investigation into the American supply chain. Better late than never!
The purpose of this review is to analyze the current state of the U.S. supply chain as well as key success drivers for getting products to consumers across the nation.