Reinventing SCM Practices

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The COVID-19 pandemic has disrupted the world on an unprecedented scale. As the virus spread across continents, the pandemic has had a devastating impact on people, countries, economies and businesses.

According to a report by Bain & Company, the US-China trade war (since 2018) has led to a 15 per cent drop in share price and $ 1 billion erosion in the market cap of a global computer maker. Similarly, Japan's Kumamoto earthquake in April 2016 resulted in a 16 per cent drop in revenue and a 66 per cent drop in net income for a global electronics manufacturer. The consequences of the modern supply chain have been significant and exposed its fragility and structural weaknesses. Supply chain disruptions are costly and might require a considerable amount of time to restore to