The report highlights the uncertainty and disruption caused by the COVID-19 pandemic, which is not the only disruptor companies should consider. The report recommends taking immediate actions to mitigate supply risks and disruption, such as solidifying alternate supply sources, distributors, and logistics partners. It also emphasizes the need for companies to become adept at managing risk and implementing an agile, digitally enabled supply chain that can respond to changing market conditions. The report suggests that the current moment is the time to take decisive action, not wait it out, as the COVID-19 outbreak may be the catalyst for a business slowdown and increasing supply chain volatility.
