The supply chain is the series of steps that brings a product to a customer, but bottlenecks across the entire network are creating shortages, delays and higher prices.
(CBS Baltimore) — The series of steps that brings a product to a customer is known as the supply chain. But right now store shelves are partly empty, deliveries are delayed, and prices are rising. Bottlenecks at many steps along the way are keeping products out of the hands of consumers. When the supply chain will return to normal is anyone’s guess. And the economy is paying the price. The supply chain for any given company can start with suppliers of raw materials and other inputs. Once a product is made, it travels along the network from the factory to a warehouse to a store and ultimately to the final customer. Various agents, brokers, vendors, transportation companies, and distribution centers can play key roles along the way in ensuring a product gets made and reaches its final destination.
