Survey Reveals Manufacturers’ Post-Pandemic Plans
Monday, September 28, 2020
Few implications of the COVID-19 pandemic are as consequential to global manufacturers as disruptions to their supply chains. For many, this is the most consequential by far. Supply chains are always a work in progress as such market variables as transportation costs, tariffs and trade agreements force logistics managers to tweak their supply chains a little here, a lot over there and everywhere in between. That’s under normal conditions. Add a global health pandemic originating in the world’s second largest economy and the largest in industrial output, and it’s a whole new ballgame.
Even as Western and other companies resume operations in China, most are still reeling from the human resources, cash flow, market demand and other challenges precipitated by the pandemic. In short, they are reassessing their risk management strategies on a scale most have not had to do since the global supply chain disruptions caused by the 2011 T?hoku earthquake and tsunami.