Global Supply chain disruption leads to an increase in cost of procurement. There are many reasons for the current issue in supply chain disruption globally.
- Suez Canal blockage is delaying an estimated $400 million an hour in goods
- India and China are disrupted with COVID and this leads to the shutdown of the major ports in shanghai.
- Prices of containers increased 10 times in the last 12 month
- Lock of containers for import into USA from major steamship lines
