Covid-19 and Supply Chains: Are we sacrificing standards at the moment they are needed most?
The impacts of Covid-19 are being felt throughout every tier of global supply chains. There are reports of factory shutdowns, order cancellations, workforce reductions and other disruptions. In turn, these have led to structural changes in supply chains, increased demand with tighter turnarounds and higher costs. Companies are now having to procure from new, unvetted suppliers, with potentially reduced staff and resourcing for due diligence.