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.
The global Covid-19 pandemic has extracted a terrible human toll and spurred sweeping changes in the world economy. Across industries, executives have begun reassessing their strategies and repositioning their companies to thrive now and in the world beyond coronavirus.