In the wake of Covid-19, companies are changing their supply chain investment goals to reduce the risk of disruption. The top three supply chain priorities for companies over the next three years are increasing flexibility, boosting resilience and protecting business continuity, according to a survey of 200 global manufacturers by Bain & Company and the Digital Supply Chain Institute. Only 36% of respondents ranked cost reduction as a top three goal, down from 63% who saw it as a key priority over the past three years.
As the global pandemic deepens and the human cost of Covid-19 rises, the novel coronavirus outbreak is sending shocks through the world economy. But across industries, companies can take action now to protect their employees and customers and minimize the economic damage.