The pandemic certainly created a challenging environment for business in 2021.
Lockdowns hampered operations. Metal scarcity and rising metal prices caused immense cost pressures, loss of profits and, in some cases, bankruptcies.
One, although by no means the only issue, was disruption to global supply chains.
Research into the causes and potential solutions will be the stuff of analysts and pundits for years to come. A thoughtful report by Citi Bank entitled “GLOBAL SUPPLY CHAINS, The Complicated Road Back to ‘Normal’” holds out a feasible road map back to normality that deserves some scrutiny.
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Supply chain issues for metals, mining
For MetalMiner readers, a graph on page 37 illustrates the disproportionate impact supply chain issues have had on the metals and mining industry, reports of disruption are a factor of twice more than the next nearest industry and a multiple of several times more widely covered issues, like retail and auto, that tend to dominate the media.
Rather than dwell on the question of how we got here, we would rather explore how these issues unwind.
When do global supply chains get back to normal?