An Overview of Supply Chain Disruptions in the Future

Supply disruption plays a great role in the business of the firm. Over the last few years we have seen major incidents (disruptions) that have affected the supply chains of major global manufacturers, but what is becoming increasingly significant to these manufacturers is the need for access to real-time supply chain visibility. This paper reveals the classifications of supply disruptions and its impact on their business growth, strategies, market share and financial results of the company. This paper also focuses the supply chain disruptions in the future due to Internet of Things (IOT),applications of smartdevices, use of mobile technology, quick response- last mile delivery, competition between supply chains, price cut strategies, product availability, managing demand variability and product recalls. Examples such as automobile cars recalls, and packaged food products recalls were also emphasized. The discussion is of qualitative nature covering supply chain disruptions and its impact on business. The study also highlights the various facets of managing supply chain disruptions.