The market scenario
Today, supply chains are influenced in various ways by the global ecosystem in which they are a part. The challenges and risks faced by today’s manufacturing supply chains are many and diverse, and although not all are new or unexpected, a rapid succession of traumatic events concentrated in such a short period of time has no recent historical precedent.
The COVID-19 pandemic, the war in Ukraine, and increasingly frequent extreme weather events are external shocks that have jeopardized the global economy and contributed to the acceleration of trends already visible in society and shaping our future.
Among the main megatrends that characterize the current scenario, we can see:
•The shift from globalization to the so-called “slowbalization”, meaning the slowdown of the process of global integration of economies
•The generalized increase in inflation levels
•The impact on producers of protectionist policies
•The consolidation of the concept of sustainability as a new status quo
•The evolution of consumer habits and behaviors Changes in the workforce
Although the manufacturing industry has shown incredible resilience and is now rapidly recovering, to maintain its momentum, manufacturers must accelerate the pace of industrial transformation and design supply chains suitable for an era of economic, geopolitical and social upheavals.