Globally Supply Chain Impact Post Covid

Globally Supply Chain Impact Post Covid
Author(s):
Jaideep Singh Kachhwaha
Keywords:

Abstract
This article provides advice to make your supply chain more resilient without sacrificing competitiveness. Championing transparency guarantees more challenging — and more strategic — debate about what post-pandemic optimization means for suppliers and customers. Those optimization discussions and disagreements, in turn, lead to more rigorous definitions of transparency. Meaningful optimization — the ability to weigh measurable trade-offs — requires clearly delineated parameters. Greater clarity invites greater insight into options and opportunities. Greater insight ensures better and more timely decision-making. For example, increased visibility makes clearer whether better managing complexity or supply chain simplification is the better investment. The Global trade war for the supply and demand shocks introduced on by the Covid-19 crisis are forcing manufacturers everywhere to reassess their supply chains. For the foreseeable future, they will face pressure to increase domestic production, grow employment in their home countries, reduce their dependence on risky sources, and rethink strategies of lean inventories and just-in-time replenishment, which can be crippling when material shortages arise
Article Details
Unique Paper ID: 158256 Publication Volume & Issue: Volume 9, Issue 9 Page(s): 141 - 142
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