Society, businesses and governments can all be remodeled in the aftermath of the coronavirus happening, and that we hope, towards a lot of sustainable society, thus, students and managers ought to plan to think about this transformation through a positive lens so as to boost supply chains to produce high worth and even a lot of outstanding services to society, since it’s currently extravagantly clear that supply chains are the veins of the whole economy. In line with UNEC for Latin America estimate, the pandemic-induced recession might leave 14–22 million of individuals in extreme economic condition in Latin America than the scenario while not the pandemic. Lloyd’s of London has calculated that the worldwide insurance trade has to absorb losses of US$204 billion, more extraordinary than the losses from the 2017 Atlantic cyclone season and 9/11, suggesting the COVID-19 pandemic is possibly costliest disaster ever in human history. Governments are possibly to take a position and regulate “key supply chains”, like pharmaceutical, personnel protecting instrumentation and agro-food chains so as to make sure national food security. As of 6 July 2020, over 11.4 million cases of COVID-19 are reported in addition for 188 countries and territories, leading to over 533,000 deaths. On a daily basis a lot of cases are reported, and new countries enter the World Health Organization’s (WHO) list of areas wherever the virus has been reported suggested preventive measures embrace hand washing, covering one’s mouth once coughing, maintaining distance from others, sporting a mask at public settings, and observation and self-isolation for people that suspect they’re infected. The COVID-19 pandemic, referred to as the coronavirus pandemic, is in progress as the global pandemic of coronavirus illness 2019 (COVID 19), caused by severe acute respiratory syndrome coronavirus as a pair of (SARS CoV 2).
Keywords: covid-19, global supply chain, supply chain sustainability, economy.
Search Results for: supply chain planning
Supply Chain Security and business management: An overview
Abstract: Standard supply chain security arrangements include: creating credentials of participants in the supply chain, finding, validating contents of cargo being shipped, notification of the contents in advance to the destination country, ensuring the security of cargo in transit using lock and other professional means, creating opportunity to inspect the cargo at an entry to the destination country etc. C-TPAT […]
5 Reason your Enterprise Need Supply Chain Integration
Supply Chain Integration help in reducing product delays by improving the efficiency of the supply chains. The product delays are largely a by-product of mismatch in information and dis-coordination between the delivery, warehousing, and trading partners. This brings visibility to all parts of the supply chain and helps in giving adequate information about each step that ensures compliance, adherence to the safety standards and product quality. This helps in making supply chain agile and scale-able and gives confidence to the stakeholders to make sure the best practices are implemented at all the level of supply chain operations.
Procurement process in supply chain management: Identifying the desired focus
Abstract The materials are directly required to produce a finished product are called direct materials e.g., personal computer, hard drive etc.Direct materials are required to be available in the right place, right quantity and the right time. Direct materials are related to cost of goods, whereas an an indirect material does not determine cost directly.Indirect materials do not delay production […]
Sourcing and Procurement Decisions and Third Party Supply Chain Management Service Providers
Abstract: Supplier Scoring is used to rate Supplier performance. Impact on Supply Chain surplus and the total cost is the basis of comparison between suppliers. If the sourcing process is effective it improves profits for the firm and the total supply chain in various ways. A firm may like to keep a supply chain function in the house if outsourcing […]
Water mode of transportation in a supply chain management perspective
Abstract Due to complexity in global supply chains and networks, managing liner services has become a quite complex endeavor. A few liner services are able to fully integrate the trade routes, such as Maersk Lines and MSC. Maersk Lines has services in the Far East, Europe and North America and some hubs notably Algeciras, Salalah and Tanjung Pelapas. MSC has […]
Sourcing Decisions and Third Party Supply Chain Management Service Providers
Abstract Supplier Scoring is used to rate Supplier performance.Impact on Supply Chain surplus and total cost is the basis of comparison between suppliers.If sourcing process is effective it improves profits for the firm and total supply chain in various ways. A firm may like to keep a supply chain function in the house if outsourcing increases the third party power significantly. Firms often like to keep the supply chain function in the house, if there is a chance to leakage of intellectual property or other sensitive information, especially when the third party also serves the competitors also.Since late 1990s the trend of outsourcing a greater range of supply chain function has been growing.With more globalization of business customers are looking for players, who can manage virtually all aspects of their Supply Chain, which is being called 4PL.A 4PL is an integrator ,who assembles the supply chain resources, capability and technical areas of its own and other organization to design, build and run comprehensive supply chain solutions. Keywords:Sourcing Decisions and Third Party Supply Chain Management Introduction Sourcing is the whole set of business processes, which is necessary to buy goods and services required by the Supply Chain. Most important decision for a supply chain function is whether it is feasible to outsource or perform the function in- house. When […]