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The ongoing COVID-19 pandemic has disrupted the flow of goods across the globe, from raw materials to finished products. The pandemic has raised awareness of the importance of truck drivers, delivery drivers and warehouse workers who have kept products moving in this challenging environment. The economic ramifications have forced companies and industries to reevaluate their supply chains.
Additionally, the pandemic has vividly illustrated that today’s highly interlinked, international supply chains have more potential points of failure and less flexibility for absorbing delays and disruptions than business leaders may have realized.
To build more resilient and flexible supply chains, companies may consider several options, including bringing some critical activities closer to home, setting up backup suppliers to reduce exposure to any single supplier/country, or refining their inventory strategies. Of course, any such alteration will affect logistics and transportation.