From the pages of CargoTalk: Global firms likely to diversify its supply chain instead of relying only on China: Saurabh Trikha

Talking about how COVID-19 has exposed the vulnerabilities of complex global supply chains built on lean manufacturing principles, Saurabh Trikha, Director, Aargus Global Logistics, says. “This is true in the healthcare sector, where the scramble for protective equipment has laid bare the inherent risks of inventory and single-sourcing models driven exclusively by cost control. The impact of China’s lockdown and its dominance in key areas of manufacturing have further highlighted the problem with modern supply chains. One likely consequence is that global firms will diversify their supply chains in the future, instead of relying only on China. Manufacturing hubs such as Vietnam, Mexico, and India are likely to benefit from that shift.”