Question

In: Economics

Discuss how the conditions and recommendations described in "Global Supply Chains in a Post-Pandemic World" by...

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.

Solutions

Expert Solution

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.


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