Another troubling aspect of systems and data that was revealed by the pandemic, according to Basu, was that the hundreds of forecasting, replenishment, demand planning, and related systems deployed in previous years did not work; they did not help companies cope with the demand spikes and uncertainty prompted by the pandemic.
One of the key issues that is impeding supply chains today is the fact that supply chain activity (trains, trucks, ships) is long and slow. And because of driver shortages, high gas prices, war in Ukraine, the pandemic, congested ports, and other factors, the situation is not getting better quickly. “The global supply chain risk index is high,” he said.
