The coronavirus pandemic has affected many parts of the value chain, ranging from raw material sourcing to the customer. It has significantly tested various aspects of the companies, such as commercial, operational financial and financial resilience. This challenge has highlighted the risks and resilience gaps for most organizations. With the challenges in the previous years and 2022, we can all look back and sum up the supply chain of 2022. Below is the summary of the supply chain for 2022.

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.