How the pandemic has changed supply chains,
From the WEF
How the pandemic has changed supply chains, from the World Economic Forum:
1: Focus of the C-Suite, previously it was secondary
2: Business continuity more important than cost (we’ll see how long lasting that is)
3: Altering of relationships including customers, suppliers, producers, and countries
4: Supply chain work-arounds are now part of business
5: Inventory management is being re-thought (JIT vs. Resiliency and multi-sourcing)
6: Not listed but is now a major focus – National Security and business risk concerns and mitigation strategies