COVID-19 Will Accelerate the Decade of Supply Chain

In this article:

• What we can learn from the supply chains that adapted more easily to COVID-19 disruptions
• No matter the product or service, digitization is the key to developing a more adaptable supply chain
• A roundup of other key solutions being recommended by supply chain thought leaders

Back in January, we predicted that the 2020s would become the Decade of Supply Chain, but we weren’t expecting anything like the current situation.

Since early February 2020, almost 75% of US businesses have experienced some sort of disruption to supply chain due to COVID-19. Supply chain thought leaders like Dan Stanton have done guest spots on Fox News and CBS, and the term ‘supply chain’ has become a household word. Businesses and individuals are struggling to understand what’s going on and to adjust.

While we must not forget that the recent outbreak of COVID-19 is first and foremost a human tragedy, as supply chain professionals we also need to focus on what we can do to adapt to disruptions like this, now and for the future.

Because in the light of SARS and MERS, we can be sure that there will be a next time.