One of the biggest supply chain risks of 2023 is a worsening of the global semiconductor shortage, according to a survey of manufacturing industry professionals.
The survey by Dutch researchers, Hubs, defined five supply chains risks to watch out for in 2023, led by concerns that escalating tensions between China and Taiwan could trigger a military conflict in the region, destabilizing Asia.
That scenario could have serious consequences for global supply chains, since Taiwan is a leading producer of semiconductor chips, and disruptions to its production capability could impede the production of smartphones, computers, vehicles, and electronic appliances.
The rest of the top five risks for 2023 included: no swift solution in sight for port congestion; inflation can disrupt supply chains by causing uncertainty in demand; surge of COVID cases in China may hamper manufacturing capabilities; and new carbon emission regulations may lead to slower movement of goods.
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