In: Economics
Discuss how the conditions and recommendations described in "Global Supply Chains in a Post-Pandemic World" by Willy C. could impact motivation (access to new customers and lowering cost) to compete in international markets.
Supply sector was the sector which got beaten up by the pandemic
in the world, the supply of goods from one country to other faced a
tremendous hit form the COVID-19 pandemic. For example the shipping
and logistics, flight and cargo services etc were got sunk due to
the pandemic. Essential commodities like food and medicines were
only carrying through logistical routes. From production to the end
customer were smoothly carried out using supply chain, but the
massive spread of COVID-19, created a difficult scenario in supply
chain. The transportation of raw materials, finished goods, storage
of finished goods and raw materials faces critical crisis due to
the pandemic.
Supply chain was the strategy which helps the producers to deliver
their finished goods to the users/customers.
In a post pandemic world, the supply chain is regaining its realm.
China was the manufacturing house for most of the renowned
companies around the world. Due to the COVID-19 pandemic breakout,
the investors and countries cancelled most of their relations with
the china, and targeted other developing countries like India,
Indonesia, as their manufacturing hub. The investors and companies
are not only targeting a hub but also a new market to square off
their products. A country where manufacturing and sales are done
together helps the companies to cut down their expenses and reduces
the effort related to supply chain activities.
Even India is becoming a self reliable country, producing and
consuming themselves.supply chain is the essential factors which
holds and runs a product lifecycle properly.