NEET BIOLOGY

Detailed explanation-1: -Fragile global supply chains are exacerbated by the fragmentation of decision-making processes, limited collaboration between buyers and suppliers and transactional management. There is no obvious centralized business or authority commanding and controlling these chains.

Detailed explanation-2: -Running a food supply chain comes with many costs, some of the more important ones include: Energy and fuel costs – this is a huge one today, given the rapid increase in fuel prices in Europe, the US, and around the world. Logistics and freight – these prices have been much more volatile since the pandemic.

Detailed explanation-3: -Global political unrest is the main factor causing current supply chain issues. Business leaders say their current supply chain issues primarily stem from global political unrest (58%), lack of raw materials (44%) and rising fuel and energy costs (40%). Only 31% cited inflation as a major contributor.

Detailed explanation-4: -While most consumers never had to think about supply chains, the current supply chain crunch is having an outsized impact on families across the country. American consumers have felt the consequences through inflation and higher prices, smaller quantities of available goods, and longer wait times for purchases.