The economic effects of coronavirus are still being determined, but it’s safe to say that most businesses have been affected in one way or another by this pandemic. As businesses attempt to protect their employees and keep their companies afloat, business owners have had to adjust their daily operations in order to succeed. How can we learn from history and better prepare supply-chain leaders to succeed in uncertain times?
While the Coronavirus outbreak has been unexpected in every way, its impact on our global supply chain and local distributors is unprecedented. If your company, or its key suppliers, carries limited raw material inventory and relies heavily on Asian sources of supply, you are at high risk of disruption, according to several new economic analyses.