Please go back to portrait mode for the best experience
The COVID-19 pandemic has unsettled supply chains around the globe. But they have also played a crucial role in providing the necessary food, medical supplies, and other essential commodities as and when needed. The pandemic has certainly challenged the persistence and flexibility of the supply chain professionals across the markets globally.
With the pandemic still being a serious threat, the disruption to supply chains continues to be severe. The supply chain will play an important role in supplying goods and services quickly and safely as the economies try to re-build. The reworked and repurposed supply chains for the future will need to build business operations that not only serve its customers better but also protect the interests of its workforce.
Fundamental changes in consumer behavior and supply chains because of COVID-19 are creating a significant misbalance in the market.
The COVID-19 crisis will have long implications for how trades work and how the supply chain will function. Companies need to follow a continuous cycle of risk mobilizing, sensing, analysis, configuration, and operation that not only helps them optimize results but also provides a more holistic approach to manage the supply chain.
The unsettled supply chain caused by the pandemic has raised several issues for companies ranging from supply shortages, a drop in demand, and decreased productivity.
To tackle the supply chain risks and challenges, companies need to have an immediate plan of action that-