As the pandemic sent shockwaves through the global economy, the impact was felt across industries. Among the hardest hit sectors, the automotive industry experienced profound disruption, signaling the need for supply chain modernization.
The automotive industry has been severely hit by the current shortage of semiconductor chips. But the impact of the crisis extends beyond the manufacturing of cars — it’s also affecting the world of automotive insurance.
U.S. economic growth accelerated by more than forecast in the fourth quarter, fueled by the rebuilding of inventories and capping the strongest year since the 1980s.
About 1,700 dockworkers at West Coast ports have tested positive for COVID-19 in January, stretching capacity at the U.S.’s busiest gateway for shipping containers.
Per Hong, partner with Kearney, assesses the impact to date of the Omicron variant of COVID-19, and speculates on how the current crisis will change global supply chains forever.