Rethinking Supply Chain- How Covid-19 has been a Catalyst for Change

Over the years, supply chains have become increasingly more complex, where the desire to drive down costs has resulted in many supply chains sourcing overseas, with China being the preeminent provider of low-cost goods, materials and components for millions of businesses globally. Consequently, when the Coronavirus first emerged back in January, it didn’t take long for these complex systems to become rife with delays, disruptions and disorder. Therefore, as global travel restrictions continue to bring the weaknesses in global supply chains to the surface, many will need to rethink the value they attribute to cost in order to rebuild their operations with much more resilient systems in place.