The disruption to the supply chain caused by recent material and labor shortages and freight delays (associated with the COVID-19 pandemic and other unforeseen catastrophes) has left the supply chain in disarray. At its most basic level, the supply chain is the term for the actions and participants that are required to deliver goods or services to an ultimate customer or consumer. The number of “links” in the supply chain depends on the complexity of the good or service being provided. Increasingly, the links in a supply chain are interdependent, and one break in the chain can have disastrous effects. The recent supply chain disruptions have resulted in buyers and sellers navigating uncharted territory regarding extreme price increases, record-setting inflation, production-threatening delays, and unprecedented attempts to re-negotiate longstanding supply agreements.
To help you navigate these issues, Foley & Lardner is launching its Supply Chain Disruption Series, with our first installment coming later this week.
In this Supply Chain Disruption Series, buyers and sellers will receive information on the following timely topics, among others:
For an ongoing discussion of how to ensure your company is ready to face adversity in the supply chain, we invite you to subscribe to this Supply Chain Disruption Series by clicking here.