Impact Of COVID-19 On Supply Chains Across The World
- Author Clarion Shipping
- Published November 4, 2020
- Word count 455
As the pandemic took its grip in China, the manufacturing industries underwent a lot owing to the lockdown of the common public, border & flight restrictions on China. Now, as the COVID-19 became a global pandemic, the whole world is under a dark cloud. It has spread to almost 210 countries as per the latest reports, devastating the economies of the countries.
Although the Chinese have achieved in flattening the curve in their own country and, Italy and Spain have partially overcome the crisis, the virus is wreaking havoc in the US and the United Kingdom now. The entire world has observed how the virus has brought many countries of the Global North to their knees.
Experts from WHO worries that the next target of the virus could be South Asia. Most politics fearing the spread have inflicted lockdown in their countries. Businesses around the world are undergoing an unprecedented crisis. Huge interruptions in the supply chain, manufacturing, closure of business, and problems in the supply network.
The supply chains across the world are suffering through both existential and short term challenges. Essential supplies involve food & medicines need to be moved, which is becoming a problem. The panic buying is resulting in shortage of availability, a hike in prices, and disruptions in the supply chain.
How Supply Chains are adjusting?
China has given hope to the rest of the world by preventing further extent in the country. But in reality, there is so much to do to recover from the economic crisis. It will take time for production companies to work like before & deliver better logistics solutions.
- New Policies:
Moreover, companies are seeking substitute ways to assure the effective working of the global supply chain. New policies, innovation, and a lot of hard work are required to make the supply chain more flexible.
- Secondary and Tertiary Suppliers:
Due to the lockdown & isolation, policies in several countries have caused some delays in the shipment of the products. Some companies are shifting to secondary or tertiary suppliers to fulfill the missed deliveries.
- Retooling:
Many organizations are choosing retooling. Replying to the hour of need, some companies are re-tooling production. The partners of Distilling companies are making hand sanitizers and disinfectants. Automobile manufacturers in China also made healing face masks to reduce the spread and to create the revenues and positive reputation of the company.
- Automation:
Many companies are automating their operations. Utilizing automation as an alternative for the labor workforce in the supply chain will help the companies a comprehensive deal. The automated vehicles, 3-D technology, and automation in the warehouse operations have determined to be really advantageous options now.
Are you looking for a trusted shipping service company in India? Get in touch with Clarion Shipping Services LLC.
Clarion Shipping Services is a Global Freight Forwarder, NVOCC and fully integrated Logistics and Supply Chain solutions provider with own offices worldwide and professional dedicated employees in its network.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Top Six Ways the Enhanced Planning Pack Streamlines Operations in Business Central
- Transforming Spaces with Drama and Warmth: A Guide to Bold, Immersive Interiors
- St. James's Place Under Mounting Pressure to Pay Clients More for Failures in Services
- How to Choose the Perfect Lighting Store in Brampton for Your Needs
- Why Choose a Chauffeur Service in KL for Stress-Free Travel?
- How Federal Legislation Could Impact Michigan's Online Poker
- The Cinematographer's Creative Toolbox: The Use of Special Lenses and Filters in Film making
- Essential Gadgets Every Business Traveler Should Pack
- Short Film Creation and Storyboarding-A Journey from Zero to One in Audiovisual Art
- Shopping for Lights? Discover Brampton's Premier Lighting Stores
- Experience Premium Chauffeur Services in Kuala Lumpur for Business and Leisure
- Shabby Chic Meets Rustic Farmhouse: Elevate Your Space with Carved Wood Sliding Doors
- How to Master Eclectic Decor: Tips and Tricks
- Apostolic Blessing from Pope Francis
- How Do You Find Experienced Builders for Micro Apartments in Brisbane?
- Searching for Professional Carers in Cambridgeshire to Support Your Family?
- How Do You Transfer Money to Egypt in Just a Few Clicks?
- Want Your Office Sparkling Clean? Get Top-Quality Commercial Cleaning in Auckland!
- Looking for High-Quality Lighting in Brampton? We Have the Perfect Options!
- Want to Improve Your Tender Success Rate? We Have the Solution!
- How to Choose the Right Chauffeur Service
- Why were the 1940's so important in history?
- Why Fire Safety Training Should Be A Priority In Your Workplace
- Creative Ideas for Using Old Trunks in Your Interior Décor
- Gutter Replacement: Why Upgrading to uPVC Gutters is a Smart Choice for Your Home
- What Is Point Of Sale Branding? An In-Depth Guide To Boosting Sales And Customer Experience
- Why You Need DRaaS: The Case for MedOne’s Disaster Recovery as a Service
- Sparkle and Shine: Your Ultimate Guide to Christmas Makeup
- Chauffeur Service: Elevate Your Travel Experience
- Creating a Reading Nook with Old-World Vintage Furniture