Crossroads: Covid-19’s impact on business and supply chain
The pandemic of 2020 is the biggest disruptor of the 21st century so far. The global economy is experiencing the worst hit since the Great Depression, with businesses around the world wondering what recovery could look like. While some companies saw their supply chains disrupted and demand for products fall, others reaped the benefits of spikes in consumer demand for e-commerce and home deliveries. One thing is certain: we are at crossroads. This unprecedented crisis is forcing us to make decisions faster and prioritise sustainability and innovation to make supply chains and business models more efficient and resilient to future shocks, such as pandemics, climate change or trade restrictions.