Hubs releases new 2021 Provide Chain Resilience Report » 3dpbm

Based on the Provide Chain Resilience Report 2021 from Hubs, a pioneer in distributed manufacturing, 56% of companies skilled extra provide chain disruptions this yr than final yr.

The previous yr has been marked by numerous challenges, together with pc chip shortages, port congestion, the continuing impacts of COVID-19, logistics impediments, and power crises, although with each hurdle confronted, options are being sought. It’s more and more clear that whereas sure dangers are exhausting to anticipate and troublesome to plan for, it’s doable to mitigate the consequences of provide chain disruptions by establishing a strong and agile provide chain.

Over 98% of world firms are actually planning to spice up the resilience of their manufacturing provide chains, nevertheless, 37% have but to implement any measures. As companies develop long-term methods, over 57% of firms say diversification of their provide chains is the simplest means of constructing resilience. This report explores this yr’s most disruptive occasions, how disruptions have modified over time, business tendencies, and methods for strengthening manufacturing provide chains.

The Hubs Provide Chain Resilience Report 2021 consists of insights from a 2021 survey of 437 professionals, a 2020 business survey of 1,281 professionals, its personal database of 36,000+ firms, and 240 international manufacturing companions.

Key findings embrace:

• Materials shortages have overtaken COVID-19 as the highest provide chain disruption in 2021
• 75% of firms have skilled exterior disruptions previously yr, and 56% say that this yr has seen extra disruption than final yr.
• 98% of firms imagine measures ought to be taken to keep away from future provide disruptions, however solely 63% have executed so so far.
• Over 57% of firms imagine that diversifying their manufacturing provide is one of the best ways to stop future disruptions. Creating extra autonomy by investing in automation and creating extra transparency all through the availability chain can even assist firms construct resilience.