The COVID-19 outbreak is impacting economies globally. Recent reports show that annual gains in global indices and share markets have been severely affected in just a few days. There are concerns that the current slowdown is starting to show signs similar to the global financial crisis in 2008.
The disruption is affecting industries from automotive, travel, chemicals to food supplies. Business leaders must now take bold actions to manage their supply chains in this global crisis. Understanding and planning for this and future disruptions is now critical. How business leaders combat this disruption will have a direct follow-on effect on their companies’ performance. This challenges business leaders to provide well-thought-out and agile solutions for their current supply chain that does not adversely impact the future.
In a live webcast conducted on 12 March, we discussed the impact of COVID-19 on supply chain practices
- What is the extent of the current crisis and how are businesses responding?
- How can businesses evolve and build the flexibility to deal with future disruptions?
- How can you future-proof your supply chain?
- What are the critical questions that business leaders must ask?
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