Supply Shortages Skyrocket By 638% As Shipping Crisis Worsens & Supply Chains Dramatically Collapse

Some say records are to be broken, but when it comes to the global supply chains breaking records come with a very dark side. Only this year, supply chains were plagued by a myriad of disasters: the Suez Canal accident, interruptions caused by extreme weather, and most recently, port shutdowns drove by new virus outbreaks in Asian countries. Fresh data released by Resilinc, a global leader in the supply chain risk monitoring space, indicated that supply chain disruptions hit record-breaking levels in 2021, with the number of factory fires up by 150% only in the first half of the year. This marked the highest rate of factory fires ever reported. The shocking increase is mostly attributed to gaps in regulatory and process execution, and also by a shortage of skilled warehouse workers. The data also exposes that disruptions caused by supply shortages skyrocketed by 638% just in the first half of 2021. In total, Resilinc already sent 251 supply shortage alerts this year, with this type of disruption ranked 6th in