How COVID-19 Has Impacted Industrial Supply Chain Management
Global outsourcing has become increasingly popular in recent decades as companies pursued lower production and logistics costs. China, in particular, became a hotbed for contract manufacturing and supplier sourcing thanks to their large and affordable labor pools. As communication technologies improved, working with businesses anywhere in the world became easier than ever before. When the COVID-19 pandemic shut down factories in China, the global supply chain was woefully unprepared and ground to a halt. As the initial wave of the pandemic begins to subside, supply ... Read More