Yes, do a better job of risk analyses.
Is It Time to Rethink Globalized Supply Chains?
The COVID-19 pandemic should be a wake-up call for managers and prompt them to consider actions that will improve their resilience to future shocks.
By Willy Shih in SloanReview
The COVID-19 contagion has had a major impact on Chinese manufacturers, and because of the central role many Chinese companies play in the supply chains of other companies, the impact is being felt around the world. The disruption is particularly acute in the electronics and auto industries, but it is also affecting pharmaceuticals, metals, and a wide range of consumer and industrial products, including surgical gowns and masks.
How did we end up with such complex interdependency in our supply chains — and what should managers be thinking about once we get through this? ...
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