Global economy 2023: COVID-19 turned global supply chains upside down – 3 ways the pandemic forced companies to rethink and transform how they source their products
The global supply chains that modern companies depend on were turned upside down three years ago after COVID-19 emerged in China. Because shortages, delays and bottlenecks can hurt their bottom line, many companies that didn't go bust during the pandemic have been rethinking their supply chains and implementing changes to make them more resilient. As a supply chain expert, I have observed three major shifts in how companies manage their supply chains – changes that will significantly affect consumers and businesses alike.
