Preparations for the “New Normal”
June 5, 2020
Until an effective treatment is proven or a vaccination is widely distributed, we’ll continue to have more questions than answers regarding a succinct definition or timing of the “new normal.” However, what we do know now is that the COVID-19 crisis has exposed the over-reliance on just-in-time global supply chains. Moving forward, the more successful companies will modify these chains to increase reliability, utilize localization, and create redundancy. Strategies such as rapid satellite facility deployment and workforce balancing will be key to maintaining competitiveness.