Read full Article Here >>
The Covid-19 pandemic is throwing light on the unexpected ways in which global supply chain systems are interlinked, co-dependent and ultimately frail
In the past 30 years, the trend for companies to look for suppliers that can provide goods at the lowest cost has resulted in a shift towards sourcing from competitive markets, particularly in East Asia.
Yet if businesses have relied on a single sourcing location such as China, the risk of disruption to the supply chain is more likely.
Research by Resilinc shows that the world’s largest 1,000 entities or their suppliers have more than 12,000 factories in quarantined countries such as China, Italy and South Korea.
These global manufacturing and supply chains have been deeply shaken by the novel coronavirus pandemic, with many factories and logistics providers now facing travel disruptions, regulatory uncertainty and labour shortages.
Read the complete article at MEED>>