How COVID-19 impacted supply chains and what comes next
The COVID-19 pandemic exposed significant vulnerabilities in global supply chains, such as staff shortages and disruptions to the flow of raw materials, leading to increased investment in resilience, digital technologies like AI, and sustainability according to EY surveys from 2020, 2022, and 2024. While some sectors like life sciences thrived due to essential product demand, others like automotive and industrial products faced severe negative effects, prompting a shift towards more agile, visible, and technologically advanced supply chain strategies to mitigate future disruptions.
GlobalisationSupply-Side PoliciesCosts, Revenues & Profits