Long-Term Supply Chain Shortages: Predictions from Daniel Stanton
Mr. Supply Chain on the Tube
Supply chain management expert Daniel Stanton (aka, “Mr. Supply Chain”) appeared on the Tucker Carlson Tonight show to share what coming supply chain shortages we should know about.
Spoiler alert: it’s not toilet paper.
Chaos from the Bullwhip Effect
“People are buying a lot more of some things than what they would normally consume and buying less of some other things, and what that does is creates what we call a Bullwhip Effect that gets amplified upstream in the supply chain and causes all kinds of chaos,” Stanton explained.
Stanton described these supply chain shortages as a “temporary problem” caused by “panic buying,” a situation that will be more than rectified when supplies are replenished. Other items, however, will need to be manufactured on a greater scale.