COVID-19: how to build supply chains resilient to disruption
19 Mar 2020
China and the rest of the world continue to be affected by the outbreak of COVID-19 (novel coronavirus), with many more being nursed back to health by dedicated healthcare professionals who work tirelessly around the clock. Millions are displaced regionally and globally due to cautionary guidelines and travel restrictions. Global routes of all forms of transportation are temporarily disrupted for both businesses and everyday commuters.
A pandemic outbreak of this magnitude has caught companies and whole industries off guard, with a shockwave of ripple effects tearing through their supply chains and businesses. From a consumer angle, many companies suddenly do not have a clear demand signal as the outbreak has completely changed buying behaviors and patterns. In numerous industries, demand has dropped substantially or moved to online channels.