Supply Chain Disruption
Supply chain disruption occurs when the flow of goods and services is interrupted, affecting production and delivery. This can happen due to various factors such as natural disasters, pandemics, geopolitical conflicts, or unexpected demand spikes. When disruptions occur, businesses may struggle to source raw materials or deliver finished products on time, leading to delays, increased costs, and potential loss of sales. Essentially, an efficient supply chain is vital for getting products from manufacturers to consumers, and any hiccup can significantly impact the entire process.
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Supply chain disruption refers to unexpected events that interrupt the flow of goods and services from production to the consumer. This can happen due to natural disasters, political instability, pandemics, or other unforeseen circumstances. When a disruption occurs, it can lead to delays, increased costs, and shortages of products, affecting businesses and consumers alike. For example, if a factory shuts down due to a hurricane, it may take time for production to resume, impacting the availability of goods. Effective supply chain management aims to minimize these disruptions and ensure a smooth, efficient delivery of products.