The Current State of Supply Chain Disruptions and How to Maneuver It

Slowly but surely, the world is emerging from the COVID-19 pandemic, and with each step, big or small, it is returning to some semblance of normalcy. However, an event of such global magnitude does not immediately disappear, and the pandemic’s after-effects are being felt by all. Unfortunately, these will be felt for some time as people learn how to maneuver the new world, and these effects will require some patience and adaptation to live with when more normal ways of life return.

One thing the COVID-19 pandemic highlighted was the structural inefficiencies of global supply chains. As 2020 drew to a close, we examined the ways that the pandemic had interfered with the existing supply chain infrastructure and how it brought to light some inefficiencies over the previous year. Countries were thrown into widespread lockdowns, and other countries realized how much they depended on each other for manufacturing and trade purposes. Nations were faced with uncertainty of how they would get necessary supplies, but it was only a matter of time until the shortages and erratic supply levels trickled down to consumer levels. People were living different lives, with their homes becoming offices and sources of entertainment. Demand rose, but supply did not, and consumer shortages began.

News of shortages reach the public more and more lately, with stories of electronics shortages and decreases in car productions hard to hide from. However, the sources of these shortages are rooted much higher in the supply chains than the general consumer would know or understand. While companies and nations alike are exploring the concept of supply chain resilience—the ability of any given supply chain to prepare for, react to, and adapt to an unexpected event and the disruptions it causes—such networks and response plans are not easily integrated into existing operations. Even when consumers and companies alike are able to order something in a disrupted supply chain, the lead time to actually receive the product can be too long and detrimental to operations and meeting one’s needs. During the continued recovery from the pandemic and until things have steadied, individuals and companies are searching for quality products from reliable sources.

One source that can be chosen is the pre-owned equipment market. With EquipNet, potential buyers will find anextensive inventory of pre-owned Industrial equipment, and purchasing through the pre-owned avenue has many benefits. Purchasing new brings the chance of delays related to supply chain instability or potential manufacturing disruptions, but the pre-owned equipment market lends itself to a quick turnaround from purchase to delivery. An added perk is the lowered price. A piece of equipment being pre-owned does not necessarily mean that it is used, but even if it is, the buyer can rest assured that the asset is rigorously inspected to meet industry standards. The pre-owned equipment market is also incredibly beneficial to the environment, for it extends a piece of equipment’s life cycle and prevents unneeded waste.

EquipNet also offers additional shopping auctions to meet every buyer’s needs. Companies are often given the ability to consign idle and unneeded equipment into industry-specific Auctions that allows potential buyers to find high-quality equipment that may not be otherwise available in our inventory. EquipNet also offers an Own It Now platform where buyers will find assets available for immediate purchase, often featuring timed price drops. Though these ongoing supply chain disruptions are frustrating, our wide inventory guarantees that a buyer will find exactly what he or she needs when it is needed.

Categorias: Industrial

Tags: auctions covid-19 supply chain supply chain disruptions used equipment used equipment market,