Supply Chain Focus Areas to Mitigate COVID-19 Disruptions
Most of us have been doing our part during this COVID-19 global pandemic, to keep up with the news about global response measures and have been working diligently to secure raw materials and components as well as protect supply lines. The panic buying, empty shelves in the supermarket and shortage of the essential supplies are not the only disruption in the global supply chain due to the COVID-19 pandemic. Production stoppage across countries, shortage of raw materials as well as finished goods is the threat that is yet behind the curtain. The current outbreak is unprecedented in its scale and the government, as well as the medical professionals, are doing their best to get the hold of the situation. The pandemic has resulted in an imbalance in the supply and demand structure. With lively hoods being at stake, businesses must respond on multiple fronts; protect their workers’ safety along with safeguarding their operational viability. As COVID-19 spread...