World Economic Forum: Here's how companies could have prepared for the microchip shortage

For thousands of companies across the globe, the economic damage caused by the COVID-19 pandemic has been exacerbated by a global shortage of microchips (also known as semiconductors). Manufacturers of automobiles, personal computers, refrigerators and tumble dryers, and their peers in more than 150 other industries, were caught out.
‍

There are numerous systems operating today that allow businesses to track how consumers engage with them, send payments to their counterparties and partners thousands of miles away, and communicate with people across the world. Surely the technology exists to monitor risks in their supply chain more effectively?
‍

Read the full article here