Format: PowerPoint with Speaker Notes
As globalisation has increased, the world’s supply chains have become substantially more interconnected. Moreover, as emerging market economies have steadily come to account for a greater proportion of global GDP, goods often have more stages to pass through before reaching the end consumer. From national lockdowns to closed airspace and borders, COVID-19 has resulted in unprecedented disruption to the mechanics of most economies, regardless of their size or stage of development. In particular, the erection of these barriers has placed a major strain on the world’s supply chains, including essential linkages relating to food, medicines, and other industries. (OxfordBusiness Group, 24th April 2020)
Various projects around the world are being impacted by the COVID-19 pandemic in numerous ways, and many projects have stopped. COVID-19 is not rendering projects altogether impossible to complete. But it is slowing them down, causing delay and disruption, even if only because supply chains have been severally disrupted. Many projects have even stopped, usually with the intention to resume work at a later date.
Following the current crisis, organisations will have an opportunity to learn from the challenges they experienced and take steps that will strengthen their supply chain and the way they plan and execute projects. The importance of agility and ability to adapt has now become more important than ever, and the crisis should serve as a “wake-up call” that better preparation is needed in understanding and mapping out SCM and PM networks.
Critically discuss the impact of COVID-19 and the lessons learned so far in Logistics focusing on Healthcare.
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