Bindiya Vakil, CEO and founder of Resilinc, discusses the impact of COVID-19 on the supply chain & the global shortages impacting manufacturing.
The chip shortage crisis that began in 2020 has disrupted the supply of virtually everything we use in our daily lives. The rapid growth in demand for electronic devices, due to remote working, online education and the increased use of technology especially, has outstripped supply.
Shortages and limited production capacity have also hit the automotive sector. Moreover, some commodities like steel, palladium or nickel essential to semiconductor production have been impacted by the attack on Ukraine.
While this has caused a range of problems for businesses, others have risen to the challenge of solving them.
Bindiya Vakil is the CEO and co-founder of Resilinc, a world leading supply chain mapping, disruption sensing and data analytics solution company. As a graduate of MIT with a Master in Supply Chain Management, Vakil previously worked at Broadcom and Cisco. She is a founding member of the Global Supply Chain Resiliency Council and a member of the Advisory Board of the MIT Centre for Transportation and Logistics. She founded Resilinc in 2010 and now having worked in the sector for over 20 years, she has a wide understanding of supply chain risk management and supply chain resiliency.