Before Coronavirus came, global companies thought that the best way to run their supply chains is to have their products sourced, produced, and distributed at the cheapest locations wherever in the world that may be. But since COVID-19 came into the picture, it has exposed the risk of concentrating sources in one location especially when it’s far away from a company’s headquarters and markets.
That is just one of the many lessons COVID-19 thought us about ensuring your supply chain resilience. Learn more: COVID-19 Lesson: Make Your Supply Chain More Resilient