A supply chain crisis can happen for many reasons. There is not one single reason for crisis but a complex network of interconnected factors. Reasons include; over exposure to economic shock, trucking and freight industry challenges, a shortage of shipping containers and chassis, supply and demand volatility, shifts in consumer activity, robust fiscal stimulus programs, vicious cycles of scarcity, and market uncertainties… like a global pandemic.
It is difficult to predict how long it will take for the disruptions to subside as there are interdependent factors. However, a trucking business can prepare by practicing caution, spreading risk, and actively seeking out opportunities – including partnerships, new business, and unexpected collaborations.
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