The whole idea of global value chains will be reconsidered after coronavirus
Over the last few weeks we have featured articles from Mckinsey & Company which consider potential outcomes from coronavirus on product and logistic supply chains. They contend the pandemic has exposed significant risks in Just in Time logistics with a focus on lean and efficiency which may lead organisations to realise they need greater resilience and redundancy even if it means more local production and storage at greater cost. Following a similar theme, this article, originally published in The Conversation suggests the whole idea of global value chains will be reconsidered after coronavirus.
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