Skip to comments.Supply chain disruptions up 88% in 2021, driven by factory fires
Posted on 07/04/2022 7:10:09 PM PDT by george76
Factory Fires, Mergers & Acquisitions, Business Sales, Factory Disruptions, Leadership Transitions, and Supply Shortages ranked as the top 6 supply chain disruptions in 2021, according to data released from Resilinc, the world’s leading supply chain risk monitoring and mapping solution. The exclusive data, compiled from Resilinc’s EventWatch monitoring database reveals that supply chain disruptions were up 88% year-over-year, with 90% of disruptive events being human-caused.
2021 saw the most factory fires ever recorded in a single year. Resilinc sent out 1,946 Factory Fire alerts, an increase of 129% year-over-year. The uptick is due mostly to gaps in regulatory and process execution as well as a shortage of skilled labor in warehouses.
The data also reveals that disruptions due to Supply Shortages increased 452% year-over-year, the largest increase across all the event types Resilinc monitors for. Resilinc sent out 491 alerts regarding Supply Shortages (short supply of semiconductor chips, plastics, paper, and raw materials are all examples). This type of disruption ranked 6th in terms of most reported events (behind Leadership Transition). Supply Shortages are driving consolidations, mergers, and business sales as companies look to give a quick cash boost to the core business or optimize the supply chain to best serve the customer base.
While Human Health disruptions – which include COVID-19 related lockdowns and restrictions – fell 68% year-over-year, Resilinc has continued to designate the event as “severe.” It’s the first time in the company’s history ranking an event at that level of impact.
Cyber Attack events increased 143% year-over-year In total in 2021, Resilinc sent out 11,642 alerts about potential supply chain disruptions to its customers – which include today’s largest multinational organizations; that’s an 88% increase over 2020. Of these potential disruptions 7,025, or 60%, were impactful enough to trigger the creation of a WarRoom—virtual platforms in the Resilinc dashboard where customers and their suppliers communicate and collaborate to assess and resolve disruptions. In 2021, WarRoom creation was up 105% year-over-year due mostly to pandemic, labor, and supply shortage disruptions pushing supply chain teams to develop contingency plans, including finding alternate suppliers.
Additional data revealed in the report includes the number of disruptions by region: North America experienced the most supply chain disruptions (5,417), followed by Europe (2,838), and Asia (2,128).
Resilinc’s data is gathered from the company’s EventWatchAI, a 24/7 global event monitoring service that contextualizes and analyzes more than 1.7 billion news feeds about potential and existing supply chain disruptions from approximately 4.7 million sources in 108 languages, including daily news, government regulatory reports, and social media.
The supply chain appears to be sputtering to a halt.
What's one of the Left's favorite sayings? Burn it down?
If the Left and RINOs had not stolen the election we would still be a prosperous nation, with secure borders, gas and groceries would be affordable ..
As in the Freeport LNG facility ?
Hey, Doc, we better back up. We don't have enough road to get up to 88.
Roads? Where we're going, we don't need roads.
when the disruptions hit 90%, you’re gonna see some serious $hit....
The Left declared war in 2020.
We’re still waiting to get of the starting blocks.
The real tipping point is when kids start going hungry. The rules change when your children are starving.
I wonder if the fires are being caused by directed energy beam weapons.
And I wonder if some of the fires in Russia is us responding in kind.
“The uptick is due mostly to gaps in regulatory and process execution as well as a shortage of skilled labor in warehouses.”
Yeah; right. That’s it.
Don't discount labor as a problem. Believe me, it is. I hear about it every day from vendors all over the US. I have a customer with a 4000-employee manufacturing facility that has upwards of 400 call-offs...every, single, day.
I want to know where all the labor is. Many if not all states ended extended UI benefits and food stamps a year ago. Where are these people eating? Where are these people living? They cannot possibly be living with their parents en-masse. Workers not coming to work is crippling us every bit as badly as all the sabotage going on.
I’ve been wondering the same thing about the labor supply. People can’t be getting much govt assistance anymore, savings had to have dried up. It doesn’t make sense.
Comments like yours are why I prep and have moved into gardening and making sure I have sources of water beyond the grid.
Many factors add to their plan you just have to keep your eyes open to see it, the big picture is becoming clear and as crazy as alex jones was and is he railed about this for years
Where is all the labor?
On the dole.
Welfare, disability, unemployment, student loans, Social Security...
Deep State pays people nor to work.
Too many Americans are happy to oblige.
...not to work...
Factor in all the food processing facility fires we’ve heard about. Something is up. I suspect the “Community Organizer” .
Just another part of the democrats plan take them to the point of begging and you own them for life.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.