Global Supply Chains Face ‘Hangover’ as Excess Demand Softens

It’s not even the morning of New Year’s Day and already there’s talk in supply-chain circles of the 2023 hangover.

“There’s a reliability hangover,” Bill Seward, the new president of supply-chain solutions at United Parcel Service, said in an interview. He was referring to lingering headaches from more than two years of shipping congestion, delivery disruptions and component shortages around the world.