Companies face a multitude of challenges during the Supply Chain operations. Here are some of the common ones:
Shipping Delays: The timely movement of goods is one of the major challenges faced by supply chain companies due to poor road conditions, traffic, and accidents.
Market Expectations: Supply chain companies have to keep up with the changing consumer expectations in order to stay relevant amid growing competition.
Supply Chain Disruptions: Weather uncertainties, fire, emergency, and COVID-like large-scale pandemics can result in disruptions in the supply chain process.
Technical Challenges: As a company grows in size & operations, it needs to increase the scope of real-time visibility to formulate contingency plans to mitigate various risks.
Unavailability of Raw Materials: Companies often face a scarcity of raw materials such as wood, metal, and plastic. This can delay or halt their manufacturing plans.