Learn more about the impact that COVID19 is having on the global supply chain in our most recent video.
Check out the full blog post here.
With well over 1.4 million confirmed cases as of April 8th, this has shaken the entire world and touched nearly every business and supply chain globally.
Covered in the video are a few areas which are impacting supply chains across the world.
- Factory Shutdowns in China
- Shipping Cancellations and Travel Bans
- Decreased consumer spending
- COVID19 related purchasing
Take a measured and deep look into your supply chain before you make any large changes, the situation is currently so fluid it is nearly impossible to accurately predict the future outcome over the next 6 months. Be proactive talking to suppliers and logistics partners to plan transportation and warehousing as far ahead of time as possible to reduce delays and rapid pricing fluctuations.
