Undoubtedly, the COVID-19 pandemic has significantly affected various aspects of the trade. While the lockdown and limiting of movement and interactions were meant to minimize infections, the ramifications have been far-reaching. In China, for example, the recent lockdowns occasioned by the zero-COVID policy have increased disruptions in the global manufacturing and supply chain. The disruptions witnessed in major cities across the country have led to the suspension of operations in factories and businesses and learning in schools, affecting the country’s overall economic growth.

The year 2020 was indeed a nightmare for supply chain managers. With the COVID-19 pandemic on sight, global logistics chains and networks were disrupted at an unprecedented scale. The same was the case in 2021. While things had improved a little, supply chain companies and providers still faced countless challenges. Despite the challenges witnessed, businesses went through a steep learning curve, which highlighted the importance of optimizing operations that rely on vendors or risk further uncertainty and disruptions. While production relies heavily on a steady supply of supplies, a supply chain is also critical for maintenance, which needs a regular supply of spare parts. Lack of an optimal maintenance strategy leads to holdups and delays in production, which will have costly effects on an organization's supply chain. Therefore, the lack of a maintenance strategy will significantly impact your supply chain and logistics.

The disruptions in global supply chains in the past three years were unprecedented. It led to soaring inflation across many parts of the world. This has forced central banks to change their policy stance, raising interest and borrowing costs. Amid the pandemic, rising tensions in different areas in the world have worsened the situation. Furthermore, there have been a switch in demand for services and manufactured goods in the US and lockdowns that have reduced the manufacturing abilities in leading manufacturing hubs such as China. These two factors have occasioned supply chain disruptions never witnessed before. However, the good thing is that things are showing signs of easing. Here are some examples of changes being experienced that show that the supply chain may be opening up at last.