It’s no secret or surprise that the 2020 coronavirus pandemic has changed how businesses run, consumers shop, and suppliers deliver. What had seemed like a fairly balanced system of supply and demand has experienced significant ripple effects. Businesses who had previously relied on global sourcing are now working on supply chain optimization during these disruptions. Is it time to broaden supplier choices, or source more locally? How much inventory—from raw materials to finished products—should they stock? Supply chains are in crisis.
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