The semiconductor chip shortage that hit the automotive industry in late 2020 highlighted two lessons in supply chain management.
Research: Why It’s So Hard to Map Global Supply Chains
They’re more vast, dense, and dynamic than you might think, according to an analysis of 40,000 global firms.
October 31, 2022
Summary.
Supply chain disruptions in the last decade have generated lots of recommendations for companies to map their supply chains, identify sources of the most costly risks, and then take steps to mitigate them. But a study of industries’ supply chains for semiconductors reveals that doing so is enormously challenging. The study found that these networks are vast, dense, and dynamic.