""COVID exposed overdependence on a manufacturing hub, while Hormuz exposed overdependence on a transport corridor and on energy inputs," said Sebastian Janssen, highlighting the critical vulnerabilities in global supply chains."
""COVID got companies to the point where they realized they can't just count on supply showing up when they need it," stated Lisa Anderson, emphasizing the lasting impact of these crises on risk assessment."
The shutdown of the Strait of Hormuz has highlighted global vulnerabilities in energy supply chains, drawing parallels to the COVID-19 pandemic and US tariffs. The International Energy Agency reported a significant loss of oil and gas supply, marking a historic disruption. While the pandemic caused a broad demand shock, the Iran conflict has resulted in a concentrated supply-side impact on energy and commodities. Experts suggest that these crises have changed how companies assess risk, emphasizing the need for more resilient supply chain strategies.
Read at www.dw.com
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