The entire world is connected by various supply chains that present an opportunity for a large number of countries to join forces to achieve common goals. However, with each passing year, establishing new supply chains and keeping the ones that are already in place in the necessary working condition requires more and more effort. In addition, the conditions of modern countries and the overall geopolitical environment create more and more difficulties for supply chain development. We suggest learning a little more from the experts about what supply chain challenges to expect this year and whether they can be solved with data room virtuelle.
What will happen to supply chains in 2022?
While supply chain considerations vary, there is one thing they all agree on: this will be a difficult year for everyone involved in the global marketplace. In particular, difficulties can be felt in the overall supply chains that exist today and enable countries to maintain their prosperity. Experts say this year, supply chains and all those who depend on them must be prepared for the following challenges:
The impact of the pandemic. Despite the fact that an effective vaccine is being actively developed in many countries around the world, as well as public vaccination campaigns, the risk of contracting COVID-19 is still quite high. Because of this, many companies around the world are forced to go into quarantine and reduce their business activities – if not stop them completely. As a consequence, gaps and delays can occur in supply chains, which in turn affects the overall global market, filling it with needed goods and services, and reducing overall business activity.
A challenging political environment. The development of economies and supply chains between individual countries is greatly influenced by the geopolitical environment that can now be observed. The reorganization of existing political and economic alliances and military conflicts around the world are not conducive to the development of new supply chains, not only between large representatives of global business but also between representatives of small and medium businesses, which in recent years have become increasingly active participants in the global market.
A rethinking of the generally accepted approach to supply chain management. In recent years, environmental issues have become increasingly publicized and discussed. More and more customers have become interested in how exactly the companies that provide the necessary goods and services take care of the environment and try to preserve the world around them. As a consequence, more and more traditional approaches to supply – not only locally, but globally – are being reconsidered.
Unpredictable currencies. Due to the unstable political environment and the global crisis, the stability of global currencies, which are most commonly used in business transactions, has been severely shaken. Supply chains that are directly dependent on currency exchange rates are also becoming unstable, resulting in the disruption of previously established business relationships and the inability to establish new chains between market participants.
On a local level, many supply chain problems can be solved by implementing appropriate software, but their one-time use cannot eliminate the external causes of impact.