Decision MakersTrends 2024

Hubs releases new 2021 Supply Chain Resilience Report

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According to the Supply Chain Resilience Report 2021 from Hubs, a pioneer in distributed manufacturing, 56% of businesses experienced more supply chain disruptions this year than last year.

The past year has been marked by a number of challenges, including computer chip shortages, port congestion, the ongoing impacts of COVID-19, logistics impediments, and energy crises, though with every hurdle faced, solutions are being sought. It is increasingly clear that while certain risks are hard to anticipate and difficult to plan for, it is possible to mitigate the effects of supply chain disruptions by establishing a robust and agile supply chain.

According to the Supply Chain Resilience Report 2021 from Hubs, 56% of businesses experienced more supply chain disruptions this year

Over 98% of global companies are now planning to boost the resilience of their manufacturing supply chains, however, 37% have yet to implement any measures. As businesses develop long-term strategies, over 57% of companies say diversification of their supply chains is the most effective way of building resilience. This report explores this year’s most disruptive events, how disruptions have changed over time, industry trends, and strategies for strengthening manufacturing supply chains.

The Hubs Supply Chain Resilience Report 2021 includes insights from a 2021 survey of 437 professionals, a 2020 industry survey of 1,281 professionals, its own database of 36,000+ companies, and 240 global manufacturing partners.

Key findings include:

  • Material shortages have overtaken COVID-19 as the top supply chain disruption in 2021
  • 75% of companies have experienced external disruptions in the past year, and 56% say that this year has seen more disruption than last year.
  • 98% of companies believe measures should be taken to avoid future supply disruptions, but only 63% have done so to date.
  • Over 57% of companies believe that diversifying their manufacturing supply is the best way to prevent future disruptions. Creating more autonomy by investing in automation and developing more transparency throughout the supply chain can also help companies build resilience.
Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Andrea Gambini

Andrea has always loved reading and writing. He started working in an editorial office as a sports journalist in 2008, then the passion for journalism and for the world of communication in general, allowed him to greatly expand his interests, leading to several years of collaborations with several popular online newspapers. Andrea then approached 3D printing, impressed by the great potential of this new technology, which day after the day pushed him to learn more and more about what he considers a real revolution that will soon be felt in many fields of our daily life.

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