Costs Up, Capacity Down: 9 Supply Chain Strategies for Tough Times

“When will it end?” It’s a question we hear on every call, from brand owners large and small, around the globe. Supply chains are capacity-constrained and prices keep going up because people are spending on stuff vs. experiences. The pressure is turning board meetings upside-down, related to material availability, freight costs, labor scarcity, container shortages, and more. The operational impact? Pick a headache: skyrocketing shipping costs ($20,000 for a 40’ container? Yep, it’s happening…), missed delivery schedules, tied-up working capital, heated customer service calls and more. Fasten your seatbelt, we’re in for a long, bumpy ride. Many believe this is what the new normal will look like well into 2023.