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2022 has brought many new variables to the table when it comes to business operations. Supply and demand are no different. A broad increase in demand for products has caused numerous challenges for ports and other distributors, as supply chain delays have become more common. The number of employees who maintain supply chain functionality, once the materials are docked and removed from container ships, is less than what is needed to keep up with increasing demand as we head into April 2022. 

The pandemic has made businesses extremely aware of the true interdependencies supply chains comprise, as businesses rely on them for crucial parts of their business products to produce their end results. Business functionality would be nothing without the fluency and efficiency of supply chains. Keep reading to learn more about upcoming supply chain challenges in 2022, and some helpful tips to overcome them.

Post-Pandemic Supply & Demand

After almost two years in a Coronavirus world, businesses are still wondering when operations will return to normal. Although 2022 has brought back some normalcy for businesses, it is not anticipated that 2022 will be the year that everything returns to the normal pre-pandemic environment we all miss. Shortages, labor constraints, limited storage space, and slow delivery rates are expected to continue to affect this year’s supply and demand trends, for business products of every scale. 

While issues in supply and demand remain at a high, 2022 could be a turning point for overcoming existing supply chain challenges caused by the pandemic. Companies and suppliers are making big investments to add capacity and are adopting more technology that will drive efficiency up and costs down.

Technology to the Rescue

As global supply chains will still remain the top suppliers for businesses in 2022, local product distributors are becoming more impactful in today’s business environment. In order for local suppliers to make a larger impact in 2022, automation must become a priority. AI innovations of the future are said to heavily improve supply chain processing by leveraging automation services. Technological advancements will play a more vital role in the global productivity of supply chains going forward. 

Optimizing the use of technology in your workplace is a big step in the right direction towards a more efficient supply process for businesses across the globe. It will take some time before the technology is used to its fullest potential in the supply chain process for businesses, but starting to implement newer forms of technology into other parts of your organization can help boost your business into a tech-savvy environment. It also has the added benefit of keeping your business ready to integrate further innovations in supply technology. 

Supply Chain Diversification

A helpful tip to meet customer demands this year is to increase your business’s supply chain diversification. Businesses in 2022 are under an intense amount of pressure to live up to customer standards, and keep promises concerning price and delivery rates of their products. Because of supply chain shortages and delays, it’s getting harder to live up to business standards and keep up with heavy demand from customers.

Supply chain diversification is a strategy e-commerce businesses can utilize by increasing their range of suppliers. The more suppliers you have, the less risk of backorders and extensive shipping/delivery times. If one company fails to meet your demand, having a backup is a great solution for meeting customer expectations and keeping your business operations running smoothly in 2022. 

We’re Here to Help!

Looking to become a business owner in 2022? At Murphy Business, we understand how overwhelming and complicated buying or selling a business can seem. Finding the right business to buy or the right buyer to sell to is a lot of work. That’s where we come in. Our experienced team will help you find the right buyer for your business or the right business for your buck! 

Contact us for more information and connect with an expert today!