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A chaotic supply chain is putting a strain on the retail landscape this holiday season. But headwinds from slowdowns could last beyond the holidays and well into 2023, changing the global supply chain network for the long term.
“We will see a rebalancing,” said Bindiya Vakil, CEO of global supply chain monitoring company Resilinc. “We’re going to start to see a more regionalized supply chain strategy.”
According to Vakil, the changes come as a result of recent failings in the U.S. supply chain, which heavily relies on labor and sourcing from China, Malaysia and Vietnam.
