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About Impact of Covid-19 On Supply Chain and Logistics: Psychology (Savannah, Ga.) April 2021
The COVID-19 pandemic significantly impacted global supply chains and logistics. Manufacturers faced production shutdowns and disruptions. This exposed vulnerabilities in relying on single suppliers or production regions. To mitigate risks, companies need to diversify suppliers across multiple locations. They also need to identify risks throughout the entire supply chain and increase inventory of key items to ensure continuity of supply. While reducing dependency on China may be desirable due to political tensions, it will be challenging given China's large manufacturing base and competitive costs. Companies will need new strategies to strengthen supply chain resilience against future disruptions.
Detailed Information
| Author: | ['Manoj kumar'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 8 |
| Language: | English |
| Format: | |
| Price: | FREE |
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