2024 will inherit many of the conditions, both positive and negative, that affect supply chains this year. While conditions are improving overall, new factors are—and will be—emerging that will shape the 2024 supply chain landscape. Supply chain lawyers will again be instrumental in assisting clients to prepare for the pitfalls that lie ahead.
On the Plus Side
Supply chains in 2023 continued to improve since the Covid-induced downturn of 2020–2021, experiencing smoother operation, with less congestion and a more balanced supply/demand environment. Lessons learned from the Covid period included the importance of contingency planning, flexibility, and visibility throughout all levels ...
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