What are the impacts of supply chain disruptions?
Supply chain disruptions can lead to delays in production, increased costs, and reduced product availability.
Can you give me examples of recent supply chain disruptions?
Sure! The COVID-19 pandemic and the Suez Canal blockage are notable examples that caused significant global delays.
How do these disruptions affect consumers?
Consumers may face higher prices, longer wait times for products, and limited choices in stores.
What can companies do to mitigate these impacts?
Companies can diversify suppliers, invest in technology, and improve inventory management to reduce risks.
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