August 21, 2020 | | Connex News
The non-profit Institute for Supply Chain Management (ISM) has just released its July survey on how the COVID-19 pandemic is impacting supply chains around the world. Among the latest ISM findings are the following:
- Severe disruptions are reported in the United States, Mexico, Canada, Japan, South Korea, parts of Europe, and China.
- Average lead time - the amount of time between ordering a product and its delivery - has improved, but still lags pre-COVID operations.
- U.S. domestic manufacturing is operating at 74 percent of normal capacity
- Most respondents say they have enough inventory to support current operations. However, confidence this will continue is on the decline in the U.S. (64 percent), Mexico (49 percent), and Canada (55 percent).
Are you still having challenges with your supply chain? Please share on the Connex Community here how you have overcome these challenges or any solutions you have found!
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