With our current supply chain issues in this country, there are lots of aspects to think about when it comes to your business and its revenue. These issues can have a major impact on how your business does in the short-term and in the long run.

Late deliveries
If your products are delivered late, then you are not able to properly support your customers. This can be an issue for returning customers, bad reviews, or overall setbacks when it comes to shipments and promises made on your behalf.

Unexpected demands
If some of the supply chain products that you have delivered suddenly become more expensive due to unexpected demand, that is going to change your revenue, and even your prices. Customers can get upset over the unexpected changes, and you could be losing profit.

Damaged goods
When some of the products get damaged during the delivery, it sets everything back. Your timeline, your customers’ timeline, and your process can get mixed up just from damaged products. This can also result in revenue loss.

It is super important to think about these aspects of supply chains when they involve your businesses’ success.

 

 

Article by
Megan Stobie
Content Writer and Researcher

Megan