Future-proofing the Supply Chain
When the pandemic dies down, trade protectionism will become the biggest threat to global supply chains. This will both drive up prices and make resiliency harder to achieve. Accelerated digitalization and uptake of new technologies can help firms find a balance between supply chain resiliency and efficiency. Seven months into the COVID-19 pandemic, businesses of all kinds are devising ways to protect themselves from future shocks by making their supply chains more resilient. In doing so, they need to guard against the mistake of preparing for the last battle rather than the coming one. At some point, hopefully soon, the unprecedented global response to COVID-19 will reduce it to a manageable threat that allows us to return to something approximating […]
October 2, 2020
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