3 Stats Show How Big the Cultivation Supply Chain Problem Really Is
/We all know that COVID-19's impact on the cannabis cultivation supply chain has been far-reaching with disruptions often causing 2-3 month delays for cultivation materials. But if you dig a bit deeper, you'll see the problem is even bigger than you may have thought.
Supply chain problems are affecting all companies regardless of size, location, or industry. These three statistics from Forbes really put the problem into perspective:
• 94% of Fortune 1000 companies are experiencing supply chain delays and increased prices.
• At least 50% of small businesses won't survive the impacts of the pandemic.
• Transportation prices are up 34%.
Over the next several weeks, we’ll be exploring the supply chain delays facing cultivators as well as increased prices for peat, perlite, and coco. Watch your email for all the insights and real solutions (e.g., don't use suppliers who source from China ... bio365 doesn't!) for cannabis cultivators
In the meantime, if you need help solving your soil-related supply chain issues, contact bio365 today.