Global supply chains are knotting up from China to Denmark, sparking re-examinations of things as macro as globalization itself and micro as trucking efficiency around American ports.
The Biden administration will allow all pharmacies to order Pfizer Inc.’s COVID-19 therapy pill, as it looks to boost access to the promising drug as the supply increases.
Elon Musk says Tesla’s Shanghai factory is “back with a vengeance” after a three-week Covid-induced shutdown. But his bullishness belies concern the plant has only enough components to last about a week even at reduced capacity — highlighting the challenges snarled supply chains pose to manufacturers.
Even those companies in China whose factories are operating under so-called closed-loop systems may be forced to stop work due to parts shortages or logistical challenges that make moving people and goods around the country near impossible.
China’s lockdowns to contain the country’s worst Covid outbreak since early 2020 have battered the economy, stalling production in major cities like Shanghai and adding pressure to global inflation.
Artificial intelligence can predict future demand, improve automation and increase transportation efficiency, giving supply chain managers deeper insight and control over every aspect of the chain. But it's not a magic fix.