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Wednesday, January 26, 2022
What’s Behind the Great Supply Chain Disruption?
As we put another challenging year in the rearview mirror, the Great Supply Chain Disruption continues to impact the heavy-duty industry on a day-to-day basis. But while most people understand that it is a huge problem, not everyone understands exactly what is causing shipping delays all over the world.
According to the American Trucking Associations, the flow of global commerce is still hamstrung by several factors:
• A drop of 50% in Asian factory output
• A global shortage of shipping containers
• Congestion at coastal and inland ports
• Warehouses at full capacity due to a shortage of workers and equipment to move and offload goods
• A shortage of truck drivers and new trucks
• Systemic issues that have led to a shortage of critical chassis equipment
How has your business been affected by these changing market dynamics? What changes will you be making to your operations in 2022 to best prepare your fleet?
With increased demand for trucking and shipping forecasted well into the next year and capacity expected to slowly trickle back into the market, Luber-finer will be keeping a close eye on the subject.
Although these are challenging times, please don’t hesitate to contact us to discuss delivery issues.