Covid-19 and the impact on Supply Chains

Supply chain impacts Systemic supply chain shock isn’t a new phenomenon. SARS, the tsunami in Japan in 2011 and flooding in Thailand the same year all stretched supply chain resilience. What has changed is the reliance on China from the global economy. Back in 2003 during the SARS crisis Chinese GDP accounted for 4% of the global total, today it is 16%. Firms have continued to build on lean and…