As COVID-19 takes a grip and the worldwide response starts to take effect, it is anticipated that the global economy will be entering a recession with significant impacts on domestic economies, the scale of which is uncertain. Amidst this uncertainty, it is anticipated that there will be major supply chain disruption, a period of damage control and a subsequent retooling and recalibration for the “new normal”- underpinned by a critical, cohesive global and domestic response to reignite growth.
Never before have we been called to change so rapidly and as leaders in supplier development.
Right now, we need to reflect on our strategic priorities and embrace resilience strategies to protect against supply chain disruption and assist our suppliers. Our dialogue series looks at how to do this, and catapult us into the Forth Industrial Revolution at a rapid pace.