KPMG: Global supply chain remains fragile
Authors of the Supply Chain Stability Index say 2023 saw “tremendous improvement and increased supply chain stability overall”, but adds that several variables are “still driving continued fragility”.
Suggestions of nearing a return to pre-pandemic normality over the next 12 months are largely dismissed, with factors such as cross-border patrol closures between US and Mexico trade corridors – as well as conflict in the Middle East leading to attacks on commercial ships in the Red Sea – highlighted as adding to recent instability.
However, there remain reasons to be positive, such as greater nearshoring efforts in Mexico and Canada, reducing reliance on other regions.
“While supply chain challenges do persist, the overall return to increased levels of stability is a testament to the incredible efforts of countless supply chain professionals,” comments Abe Eshkenazi, CEO at ASCM.
“The index continues to confirm that people make all the difference. We must continue cultivating supply chain talent to mitigate disruptions, build resiliency and drive growth.”
Jim Lee, Supply Chain AI Leader at KPMG, adds: “Even though the Supply Chain Stability…
