Supply chain disruptions refer to interruptions in the flow of goods and services, often caused by unforeseen events such as natural disasters, pandemics, or geopolitical tensions. These disruptions can lead to delays, increased costs, and shortages of essential products, affecting businesses and consumers alike.
One significant example of supply chain disruption is the COVID-19 pandemic, which caused widespread factory shutdowns and transportation delays. As a result, many industries, including automotive and electronics, faced significant challenges in sourcing materials and delivering products on time, highlighting the interconnectedness of global supply chains.