Supply chain issues cost New Zealand companies an average of around $1.7 billion in lost sales each year, according to a study. New Zealand is more vulnerable to supply chain issues than other developed countries. With an economy worth about $360 billion, the country exports premium products like wine, lumber, produce, meat, and dairy products. According to supply chain consulting firm TMX Global, unreliability in the supply chain costs Kiwi companies an average of 0.47% in lost revenue, or a total of around $1.69 billion lost every year. The war in Ukraine, climate change, and remaining Covid-19 limitations are all factors that are impacting supply chain costs.
