Whether you’ve been waiting months for your child’s new toy to be shipped to your home, you’re waiting for that new bike you’ve had your eye on to come back in stock or anything in between, you’ve probably noticed the supply chain issues that have been crippling shipping markets over the last few years.
Here, we will look to get to the root causes of these supply chain issues, other unforeseen factors that led to unheard of backlogs and what can be done to prevent this problem from happening again in the future.
The Root Cause
It’s no secret that the United States, and much of the rest of the world, have relied on China for the majority of their consumables over the last few decades. There has been so much reliance in fact, that China accounted for nearly 40% of the manufacturing on the globe at its peak.
While there were certain benefits to this such as cheaper manufacturing costs and the ability to keep overhead low with fewer products in stock, there was a clear issue with diversification in the market that left the global supply chain shaky at best.
It was a “ticking time bomb” that many experts felt would undoubtably create problems down the line. Little did people know that these projected supply chain issues would come much quicker thanks in part to the COVID-19 pandemic.
There is no denying that the COVID-19 pandemic put the global supply chain into disarray. This world-wide crisis shutdown manufacturing across the globe when countries were put into lockdown and created incredible backlogs when it came to the manufacturing and shipping of essential items.
While the pandemic began nearly two years ago to the day, there are still lingering international supply chain issues and a light has been shined on just how broken the system had become.
With powerful countries placing so much of their manufacturing in other countries across the world, there were bound to be problems like this over the course of time.
And to make matters even worse, so many people staying at home during the pandemic greatly increased the amount of e-commerce that was being handled, creating an even greater strain on the global supply chain.
As mentioned above, the global supply chain is still bouncing back from the damage that was caused by the pandemic. Due to the problems that were created, the United States began to examine the ways in which we get many of our essential products.
One of the easiest solutions to this problem was to begin manufacturing more items here in the U.S.
Over the next few years, it is projected that there will be a dramatic increase in the manufacturing of pharmaceuticals, batteries, computer chips and everything in between right here at home to try and avoid these supply chain issues from popping up in the future.
While it may cost companies a bit more money to manufacture things here in the United States, it will go a long way in ensuring that people get their products in a timely manner.
At Fireblast Global, we are proud to be a company that has done all of their manufacturing right here in the U.S. and will continue to do so for our valued clients.
Whether it be the fabrication of steel, aluminum or more for your business, our team promises to handle all your needs in a timely manner and at our always competitive prices.
We’ve proudly handled fabrication needs for construction and industrial companies since 1997 and promise to provide you with the trusted applications you need for all your materials. To learn more about the services we provide right here in the U.S., we ask that you reach out to us today at 800-716-1977.