2 WHY IT’S SO HARD TO MAP GLOBAL SUPPLY CHAINS
by Vishal Gaur, Nikolay Osadchiy, and Maximiliano Udenio
The semiconductor chip shortage that hit the automotive industry in late 2020 highlighted two lessons in supply chain management.
The first is the lack of upstream visibility that remains the Achilles heel of supply chains. Firms often do not know their suppliers beyond those in Tier 1 and are thus prone to shocks in the upstream supply chain.
The second is that the supply chain of each firm is not isolated but is connected with other supply chains in a vast global network. This reality was made painfully apparent by the continuing shortages of semiconductors, when companies in different industries (for example, automotive and consumer ...
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