Categories: News

InSync’s Take on How Coronavirus has Disrupted the Global Supply Chain Management

Kolkata, India, March 19, 2020 –(PR.com)– The Coronavirus (COVID-19) that originated as an epidemic in China in the initial months of 2020, is now declared a pandemic by the World Health Organization (WHO). Not only China, but the whole world is paying a price due to its adversity – people who are both directly and indirectly affected by the virus. The world has come to a standstill and so has business, both online and physical.

The evolution of Coronavirus has made a significant impact on supply chains across industries throughout the globe.

As the number of Coronavirus cases are multiplying each day across all the continents, an undisrupted continuation of work and business has become very difficult. So is the case with the retail and eCommerce world which has badly hit the global supply chain system.

Big, large scale product companies are in trouble as most of the manufacturing units are located in China. Production and delivery of products and projects has become a challenge in this unfortunate scenario.

The ISM survey reports that the corona outbreak is the reason for 75% disruption in the supply chain resulting in major losses in revenue.

Logistics giants like Amazon, FedEx and others have already declared possible delays in order deliveries owing to the unfavorable conditions caused by the virus outbreak.

Following a few guidelines can help improve the supply chain impact on eCommerce. Read them on https://www.appseconnect.com/how-coronavirus-has-disrupted-the-global-supply-chain-management/

Risk assessment and planning should be the immediate action taken by businesses right now. Weekly monitoring on suppliers, potential customers, and employees of the organizations should be done.

The crisis does allow for better learning, improving business sense and fueling capabilities. As Rahm Emanuel said, ”You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.”

For further details, visit the above link.

For any help regarding eCommerce business in these hours of crisis, reach out at www.insync.co.in

Let’s block ads! (Why?)

Miscw.com

Recent Posts

Traders’ attitude to charity: global broker Octa’s research

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 31 October 2024 - E-brokerage is a…

6 hours ago

Dusit Foods partners with Japanese food industry giant Green House to drive global expansion of Epicure Catering

Strategic alliance poised to create new growth avenues in Thailand, Japan, and beyond. BANGKOK, THAILAND…

9 hours ago

Leonteq Launches Shari’a-Compliant Offering on LYNQS

Leonteq announced today that it has enabled its Shari’a-compliant structured product offering on its digital…

9 hours ago

OZONO Launches in Australia with Innovative Eco-Friendly Cleaning Technology

Revolutionizing Home and Commercial Cleaning with Aqueous Ozone Solutions that are hypoallergenic & eco-friendly QUEENSLAND,…

10 hours ago

Use More to Get More with Citi This Travel Season

Enjoy up to 10% rebate and chance to win business class round trip to Tokyo…

11 hours ago

Indorama Ventures celebrates ‘Waste Fiction Challenge’ essay competition; inspires youth to champion zero-waste schools

BANGKOK, THAILAND - Media OutReach Newswire - 5 November 2024 - Indorama Ventures Public Company…

11 hours ago