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Risk in Context podcast: Supply chain and labour challenges this holiday season and into 2022

This episode of Marsh’s Risk in Context podcast features a conversation between Marsh’s Randal Waters and John Frazee and Mercer’s Kate Bravery on these two main challenges that have been exacerbated by the COVID-19 pandemic.

11/16/2021

Companies in many regions are facing elevated supply chain and labour shortages, which are expected to persist beyond the upcoming holiday season and into 2022.

This episode of Marsh’s Risk in Context podcast features a conversation between Marsh’s Randal Waters and John Frazee and Mercer’s Kate Bravery on these two main challenges that have been exacerbated by the COVID-19 pandemic.

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Key takeaways

Infrastructure problems and labor shortages have led to supply chain challenges.

These issues, which predate the COVID-19 pandemic, are expected to continue into 2022, requiring short-term solutions and longer-term strategic actions.

One disruption can lead to another, impacting businesses in complex ways.

Supply chain challenges are affecting organizations’ return-to-work plans while voluntary employee turnover and border restrictions are leading to staffing problems.

Employee shortages are expected to persist.

Organizations need to find sustainable solutions to address talent shortages that go beyond paying above-market rates to retain and fill new positions.

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