With the global pandemic about to enter its junior year, procurement professionals are reflecting on the events of 2021 and doing what they can to ensure good sources of supply over the next 6-12 months. With no certain end in sight to the pandemic, labor shortage or supply chain disruptions, predicting the future has become more difficult than ever.
“If there is one thing that is certain about a crisis, it is that there is rarely anything that is certain about how, when—or whether—it will end,” Edward Segal writes in Supply Chain Experts Weigh In: What Could Happen In 2022 as the Crisis Continues. Some of those expert predictions include ongoing difficulties procuring products, particularly for semiconductors and electronic components. Raw material prices will continue to rise in come categories, inflation is here to stay and political decisions may have a sizable impact on supply chains.
