Global Supply Chains in a Post Pandemic World

Supply chain issues have never been more prominent than in 2020 and 2021. The shocks of the past year—trade wars, COVID-19’s effects on supply and demand, and the subsequent logistics chaos resulting from the rapid return to trade—have exposed vulnerabilities in firms’ production strategies and supply chains.

The challenge that companies now face is to make their global supply chains more resilient without weakening their competitiveness. Forward-leaning firms will use these crises to build greater flexibility by adopting process innovations and new technologies such as robotics and automation.

 

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