Insight

Supply chain's new world order

COVID-19 and the acceleration of economic nationalism

Brian Higgins

Brian Higgins

Principal, Supply Chain & Operations Leader, KPMG US

+1 312-665-8363

John Jullens

John Jullens

Principal, Strategy, KPMG US

+1 313-230-3000

Brett Weaver

Brett Weaver

Partner, Tax, KPMG US

+1 206-913-6697

COVID-19 has made obvious the flaws in global supply chains. Most organizations' supply chains are not nearly as resilient as they need to be, often because superficial risk management tactics and inefficient contingency plans have been substituted for the hard work restructuring takes.

For US-based multi-nationals, reliance on non-US-based manufacturing and third party suppliers must be reduced. A structural shift toward economic nationalism—a "make where you sell and buy where you make" approach—should be undertaken as soon as your supply chain organization emerges from reaction mode. The stakes are high for responding to disruption and mitigating vulnerabilities. The future of your company might depend on it.

Learn in this paper about critical competencies your organization must build to enable restructuring in the wake of COVID-19, regardless of industry, channel, maturity, or size of your supply chain. 

Supply chain's new world order
COVID-19 and the acceleration of economic nationalism