For many years, supply chain professionals focused on cost containment and operational efficiency.
Globalization was the name of the game, and raw materials and finished goods moved freely across international borders.
But then COVID-19 brought border closures, factory shutdowns, material shortages, shipping delays, and changing consumer habits.
The pandemic has laid bare the complexity—and fragility—of the global supply chain. It clearly showed that the system was ill-equipped to deal with massive disruptions in both supply and demand.
So, going forward, how will companies adapt? What does the future of global supply chain management look like?
Here’s how the next five to 10 years may shape up.