The importance of good supply chain management has been highlighted during the coronavirus pandemic. Diversifying sources and finding the right balance between supply and demand are both important strategic takeaways from COVID-19.
When the coronavirus pandemic first started in China at the beginning of the year,
supply chains around the world were quickly affected as the country closed factories,
halted transportation and locked down its borders. As the world’s largest manufacturing country, companies across the globe were in for a rude awakening, now seeing what happens when it relies too heavily on one source.
“A challenge and takeaway from the coronavirus pandemic is that supply chain management is strategic. That was being established with e-commerce and how Amazon dominated with order...