Global supply chains are vulnerable to unpredictable disruptions from geopolitical situations, currency fluctuations, and local holidays, which can significantly delay product delivery timelines and impact business margins; however, accumulated experience over time helps businesses develop patterns to better anticipate and manage these challenges.
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What's Delaying Production? #beautybrand #skincareAdded:
Each year, the different geopolitical situations impact a lot of these factors in our supply chain timelines. All our products and entire multiple parts of our supply chain are overseas.
Sometimes, it is geopolitical situations that affect the dollar fluctuation that determines when we place our purchase orders because the minute when the dollar is very expensive, our margins automatically reduce. We expected all of our current product portfolio stock to reach us by March. And the geopolitical situation and China local national holiday situation [music] really put a spanner on things, and our entire stock is now going to only reach us in May. Um these were none of things that we could predict. So, these are unforeseeable factors that always impact our supply chain. Now, with 5 years of different sets of learning, I think we kind of at a good place where we can figure a good pattern and then have sort of a fixed predictable situation taking into account that all of these things are going to happen because the world is getting crazy.
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