Future of supply chain and procurement after covid 19 | Candider
Future of supply chain and procurement after covid 19
10th May 2020 10:04 pm
Business expert
The following result is obtained by our Internet Research Algorithm: Following will the impact of COVID-19 on supply chain and procurement industry - • Any manufacturing hub would have a ripple effect on the whole industry, and China being the manufacturing hub has a great impact on the whole supply chain industry. • China is the manufacturer, it affected the industry of America as the administration was controlled by American companies, hence the whole supply chain got affected by this. • Extended closure has affected the strategies of the supply chain in many ways, as the stopped manufacturing of core pieces of equipment affected the whole system. • The effect is that companies are not focusing on temporary supply chain stabilization and measures instead of long term changes. • The plan is to stabilise the supply chain and these changes will require regular updates from the company to act and also further network optimization for quick response and action. • There will be a need for accelerating the qualification of new suppliers. • Digital manufacturing is the future as this will allow minimum disruption to the supply chain. • 3D drawing help to here establish the design without having the physical description of the product helps you to manage manufacturing and new production remotely. • Automation with having the wide active network of suppliers will help to spread the production work and keep the process moving even in this inconsistent time. • Supply can back to its job by the next quarter if the things run positively.
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