The 2019 trade war set the stage to begin the process and the impacts from COVID-19 might be the final catalyst to force supply chain redesign for many organizations who have a high dependence on China to supply their raw materials or finished product needs. More than 200 of the Fortune Global 500 firms have a presence in Wuhan, the highly industrialized province where the outbreak reportedly originated.
As companies rethink their supply chain strategy to mitigate losses from this dependence, we take a look at what a potential overhaul might resemble. Attendees will gain insights into the following:
- A brief timeline of COVID-19’s impact on the supply chain
- Review long-term supply chain dependencies disruption from the U.S.—China Trade War to COVID-19
- Examine land to cost assumptions, diversification and potential U.S. Congressional mandates for vital products, such as PPE
- Supply Chain Redesign : explore the likelihood of close to customer demand with on-shore or near-shore, potentially taking center stage
