Affects of COVID-19:Impact on Our Client's Supply Chains & Risk Management Strategies

Affects On Supply Chains Clients Are Telling Us About:

•Supply chain breakdowns experienced especially with tier 2&3 suppliers

•Disruptions as a result of over reliance on China suppliers & China centric supply chains

•Over stocked warehouses & ineffective replenishment levels

•Closing of Manufacturing plants

•Cancelled shipments

•Closing of retail stores

Frameworks & Strategies Being Embraced:

•Revising current SCRM (supply chain risk management)

•Companies considering installing official SCRM teams

•Relying more on digital supply chain methods more than ever

•Considering locations of suppliers

•Utilizing frameworks found in block chain

•Stock shifting between continents

•Revising supply chain agility

•Revising supply chain integration