The Impact of Supply Chain Disruptions on Personal and Business Lives
Supply chain disruptions have become a significant issue affecting not only businesses but also individual consumers. This article explores how these disruptions are impacting both personal and business lives, with a focus on the challenges faced during the ongoing global supply chain crisis.
Experiences of a General Consumer
Consumers are experiencing the effects of supply chain disruptions in various ways. One of the most noticeable impacts is in the procurement of everyday items. For instance, finding a washing machine that meets expectations has become a challenge. The individual had trouble locating a suitable machine and even when a suitable one was found, it had to be installed at a later date due to the delay in delivery. Additionally, water issues have arisen, with water always coming out scalding hot, regardless of the setting. Despite these challenges, no significant issues have been encountered thus far.
Impact on Niche Product Availability
Even niche products are being affected by supply chain disruptions. Art supplies, for example, are taking longer to arrive even from reputable retailers like Amazon. Furthermore, an increasing number of web pages are displaying 'out of stock' notifications, where inventory was previously available. The individuals are surprised at the extent of these shortages and delays, emphasizing the widespread impact of the crisis on both mainstream and niche products.
Personal and Business Consequences
For individuals, supply chain issues are manifesting in various ways. The cost of daily necessities, such as vegetables, has increased dramatically, requiring them to spend more on their food. They have had to find alternative solutions to maintain their daily routines and budgets.
From a business perspective, the effects of supply chain disruptions are even more profound. The author of this article owns a small manufacturing business. The challenges are evident in the time it takes to receive crucial supplies and components. Typically, items that would arrive within a week now take five months, and those that would take six weeks can take up to 18 months. This has made production more challenging, especially since they must produce only what they can procure.
Impact on a Freight Forwarding Company
Global supply chain disruptions have hit the author's company, Kalemu Freighters Ltd, particularly hard. The company specializes in selling dry 20Ft and 40Ft containers within East Africa, especially in Kenya. The shortage of sea containers to ship goods and to sell to customers has been a significant blow to the company's operations. This has caused a substantial loss of over 1000 deals. Additionally, the company's other business areas, such as Freight Forwarding, Import and Export, have also faced challenges due to the scarcity of materials and goods from suppliers.
The full extent of the supply chain disruptions is becoming increasingly apparent. The global community is witnessing a ripple effect on both personal and business levels, with continued efforts needed to navigate these unprecedented challenges.