6 Common Supply Chain Issues in New Business

 

Jeffrey Hammel

One of the most important and often overlooked aspects of starting a new business is the supply chain. The supply chain is the system that gets your product from the raw materials stage to the customer. A well-run supply chain is at the heart of a successful business, but there are a number of common issues that can arise. Jeffrey Hammel will take you through some of them below.

6 Supply Chain Challenges Faced by Businesses

Product Availability

One of the most common issues is product availability. According to Jeffrey Hammel, this can be a huge problem if you are relying on a single supplier for a key component of your product. If that supplier has an issue with their own supply chain, it can cause delays and shortages in your own product. It’s important to have multiple suppliers for key components, so that if one has an issue, you can rely on the others to keep your production running. Read more.

Location: United States

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