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Wednesday, December 01, 2021

Covid ReShaping Supply Chains

 Another example of ther need for needed disaster planning.

How COVID-19 is reshaping supply chains

November 23, 2021 | Article, By Knut Alicke, Ed Barriball, and Vera Trautwein

Companies have only partly addressed the weaknesses in global supply chains exposed by the coronavirus pandemic. In the face of new challenges, finishing the job is even more urgent.

 (Article (8 pages) at link) 

In May 2020, much of the world was still in the grip of the first wave of the COVID-19 pandemic. Lockdowns, shelter-in-place orders, and travel restrictions were disrupting activity in every part of the economy. Demand evaporated in some categories and skyrocketed in others. As they struggled to keep their businesses running, companies were planning significant strategic changes to the configuration and operation of their supply chains. When we surveyed senior supply-chain executives from across industries and geographies, 93 percent of respondents told us that they intended to make their supply chains far more flexible, agile, and resilient.

Twelve months later, in the second quarter of 2021, we repeated our survey with a similarly diverse group of supply-chain leaders. This time, we asked respondents to describe the steps they had taken to shore up their supply chains over the past year, how those changes compared with the plans they drew up earlier in the crisis, and how they expect their supply chains to further evolve in the coming months and years.  .... ' 

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