Although just about every aspect of business is impacted by the spread of the coronavirus, few functions have been hit harder than the supply chain. The COVID-19 pandemic has exposed significant flaws in most global supply chains.
While negative effects are obvious, Brian Higgins, a Partner with KPMG, explains how the current challenge can be used as a platform to gain deeper understanding of strategic operations and supply chains.
Topics addressed include:
- why the trade, tax and tariff foundational principles, viewed as universal truths 20 years ago, are now being challenged
- how superficial risk management tactics have yielded vulnerable piecemeal contingency plans
- the philosophy of “economic nationalism” and how that will impact the development of future supply chains
- why a systematic overhaul of the supply chain operating model is no longer elective surgery
- how to best prepare for the lasting supply chain implications that will result from a COVID-19 reset.
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