Supply chains have a domino effect, because each player affects the adjoining ones The scarcity of alcohol-based hand sanitizers was one of the first visible impacts of the coronavirus pandemic.
But supply chain disruptions far go deeper with multiple factors at play such as factory closure, halting of international shipping, and governments clamping down on export of essentials.
From the likes of Nike and Apple to smaller businesses, multiple sectors have been affected by disrupted supplies. Procurement managers have to be more agile than ever in these circumstances, taking decisions on switching sources or evaluating the risk of prospective suppliers.