Nearly two years since the peak of the pandemic, a supply chain crunch that was believed to be temporary is leaving business owners like Michaelle Graybeal, owner of Elon’s All that Jas, without stock.
A supply chain encompasses all of the activities and resources that go into a service. Across the globe, massive COVID-19 related supply chain disruptions are occurring with the container market, shipping routes, ports, trucking lines and warehouses. The result? Business owners are faced with shortages of key manufacturing resources, order backlogs, shipping delays and increases in product costs.
According to data released by Resilinic, a global leader in the supply chain risk monitoring space, disruptions due to supply shortages were up 638% in the first half of 2021.
All that Jas is a gift store and sorority store all in one. During the months of shutdown, Graybeal increased her online presence through social media and her Etsy shop, making those from out of state and across the country, regular clients. Yet once students returned to campus last fall, Graybeal found herself being confronted with a new set of economic challenges.