Supply chain disruptions are easing. That’s the takeaway from a recent survey of large companies – firms with annual revenues from $500 million to $50 billion – that said their losses attributed to such problems halved in 2022 as compared to the previous year.
It is not time to relax, however. Losses are still significant. And the measure of a healthy supply chain shouldn’t simply be by its cost, anyway; it should be in its security. Supply chains that stretch oceans will still be at risk during the next crisis, be it an international conflict or another once-in-a-hundred-years pandemic.