The pandemic has rattled global supply chains due to demand shocks caused by the lockdown. Its impact accelerated the impetus for companies who were in the midst of change to relocate their manufacturing sites and to switch modes from a just-in-time model (lean inventory) to a just-in-case model (higher inventory). For companies who were not already embarking on a transition, the crisis has caught many flat-footed because the rate of change in the external environment is moving faster than the...
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