The other morning, I woke before dawn and checked my email (as we do in the 21st century) to discover that my master's swim training was canceled for the day. An expected chlorine shipment hadn't arrived on time, and the pool was closed.
Obviously getting to sleep in a little longer is nice, but it occurred to me that this may be one more instance of how struggles within supply chains are filtering down from factories to everyday life.
Want to build a deck? Plan on spending big on lumber, waiting for supply or shifting to composite decking. (One local lumber yard is advertising that Trex decking is now cheaper than wood.)
Thinking about new appliances? Check back in a year. Buying a car? Good luck finding one, even used.
Erin Pustay Beaven from our sister paper Rubber & Plastics News writes that supply chain shortages are now being considered a matter of national security, especially for medical equipment.
A new report from consulting group Sikich LLP and IndustryWeek found that 93 percent of survey respondents said they had experienced some sort of supply chain interruption. As a result, 45 percent said they were diversifying their supply base, with 9 percent moving production back to or near the U.S.
"You will see a number of investments to be more resilient when it comes to microchips, when it comes to batteries, when it comes to biomanufacturing," Francois-Philippe Champagne, Canada's minister of innovation, science and industry, said during an event sponsored by Michelin. "'Never again' is what we are saying as a government. 'Never again will we be in the same position.'"