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Supply chain disruptions up 88% in 2021, driven by factory fires
Loadstar ^ | 14/02/2022 | Editorial

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.


TOPICS: Business/Economy; Foreign Affairs; Germany; News/Current Events; Politics/Elections
KEYWORDS: asia; chain; disability; disruptions; europe; factory; factoryfires; fires; socialsecurity; supply; supplychain; unemployment; welfare
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1 posted on 07/04/2022 7:10:09 PM PDT by george76
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To: george76

The supply chain appears to be sputtering to a halt.


2 posted on 07/04/2022 7:15:12 PM PDT by E. Pluribus Unum (Contempt for pre-born human life breeds contempt for post-born human life.)
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To: george76
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.

What's one of the Left's favorite sayings? Burn it down?

3 posted on 07/04/2022 7:17:06 PM PDT by Pollard (If there's a question mark in the headline, the answer should always be No.)
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To: Pollard

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 ..


4 posted on 07/04/2022 7:21:40 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76
According to some here, we're simply going into another recession. Just a simple recession. Like before:


5 posted on 07/04/2022 7:43:52 PM PDT by Dogbert41 (Blessed are the peace makers.)
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To: george76

As in the Freeport LNG facility ?


6 posted on 07/04/2022 7:50:39 PM PDT by wardamneagle
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To: george76
Supply chain disruptions up 88% in 2021, driven by...

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.

7 posted on 07/04/2022 8:13:44 PM PDT by Ezekiel (🆘️ . . . - - - . . . "Come fly with US". Ingenuity -- because the Son of David begins with Mars ♂️)
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To: Ezekiel

when the disruptions hit 90%, you’re gonna see some serious $hit....


8 posted on 07/04/2022 8:34:59 PM PDT by SPDSHDW (Buy JHP ammo, Level 3/4 armor and rifles. Won’t be able to for much longer, and we’re gonna need em)
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To: george76

The Left declared war in 2020.

We’re still waiting to get of the starting blocks.


9 posted on 07/04/2022 8:42:51 PM PDT by DoughtyOne (I pledge allegiance the flag of the U S of A, and to the REPUBLIC for which stands.)
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To: george76

The real tipping point is when kids start going hungry. The rules change when your children are starving.


10 posted on 07/04/2022 8:49:35 PM PDT by Born to Conserve
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To: george76

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.


11 posted on 07/04/2022 8:56:27 PM PDT by DannyTN
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To: george76

“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.


12 posted on 07/04/2022 9:12:16 PM PDT by ProtectOurFreedom (“When a person shows you who they are, believe them the first time.” ~ Maya Angelou)
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To: ProtectOurFreedom
I'm a supply-chain administrator, and it's a daily horror-show when I come to work.

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.

13 posted on 07/04/2022 10:35:34 PM PDT by thescourged1
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To: thescourged1

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.


14 posted on 07/04/2022 11:01:09 PM PDT by ProtectOurFreedom (“When a person shows you who they are, believe them the first time.” ~ Maya Angelou)
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To: thescourged1

Comments like yours are why I prep and have moved into gardening and making sure I have sources of water beyond the grid.


15 posted on 07/05/2022 1:25:22 AM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: george76

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


16 posted on 07/05/2022 4:41:16 AM PDT by ronnie raygun
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To: thescourged1

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.


17 posted on 07/05/2022 4:48:17 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: mewzilla

...not to work...


18 posted on 07/05/2022 4:48:52 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: george76

Factor in all the food processing facility fires we’ve heard about. Something is up. I suspect the “Community Organizer” .


19 posted on 07/05/2022 6:17:50 AM PDT by Chauncey Gardiner
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To: george76

Just another part of the democrats plan take them to the point of begging and you own them for life.


20 posted on 07/05/2022 8:06:46 AM PDT by Vaduz ( )
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