How will Covid-19 impact global value chains?

Despite the numerous supply-chain disruptions experienced due to environmental catastrophes in the last decade — including the eruption of a volcano in Iceland, the Japanese earthquake and tsunami etc. — most well established companies were still caught off guard by Covid-19 and unprepared to adapt accordingly. But coronavirus is not the first, nor will it be the last, major disruptor of global value chains. Organisations around the world have fabricated a global value chain that runs on outsourcing and thin margins (mostly in China), and the coronavirus has exposed just how fragile this process is. As Covid-19 jolts the world economy, it is quite possible ...

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from The Big Picture – The Express Tribune Blog https://ift.tt/3d2B1Gh

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