Perhaps only matched by the impact on the sales function, the spread of COVID-19 significantly disrupted supply chains globally. That impact has been felt in several ways, including:
- Weakening demand in many situations
- Simultaneously, skyrocketing demand for select companies
- Creating uncertainty in obtaining raw materials
- Impacting the ability to ship and receive products on time due to shortages and logistics bottlenecks or border restrictions
- Challenges in workforce capacity to assemble and ship products
As a result, more than 90 percent (1. Sherman, Erik. "94% of the Fortune 1000 are seeing coronavirus supply chain disruptions: Report." Fortune. 21, February, 2020) of the Fortune 1000, including many technology companies, have suffered supply chain disruption. But how do you make supply chains future-resilient in this new reality?