Pandemic response holds lessons to combat future supply chain disruptions
A St. Mary's University finance expert offers insight on how to manage global supply chains going forward.
A St. Mary's University finance expert offers insight on how to manage global supply chains going forward.
The novel coronavirus pandemic is forcing factories around the world to slow or cease production. This reduced output is disrupting global supply chains that normally keep countries supplied with everything from medicine to garlic to socks.
The imbalance between the demand for health care services and the capacity that is available may be the United States’ greatest weakness during this pandemic. Think about how much time is already spent in the ED, how long it takes to make an appointment with a health care provider and how long you spend in the waiting room once you actually go in for your appointment. The demand for medical services will only surge because of the pandemic.
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Ashley Smith
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Global supply chains are undergoing an irrevocable shift. While material flows remain critical, they are only the most visible aspect of this transition. Beneath the surface, changes in information exchanges, financial reconfigurations, and human capital movements are posing far greater risks to the benefits of global trade. The US, China, and the rest the world must handle these changes with care and perspective.
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