The global supply chains are under huge pressure as Covid -19 has created 'manufacturing deserts' due to the lockdown conditions in various countries and manufacturing output will take at least 12 months to recover to 2019 levels, a report says.
According to a new report from Baker McKenzie and Oxford Economics, Beyond COVID 19: Supply Chain Resilience Holds Key to Recovery, the pandemic has produced an unprecedented global supply chain crisis, stemming from a lack of mapping and flexibility around the multiple layers of global supply chains and a lack of diversification in sourcing strategies.
Via EcoVadis