During the pandemic, few companies benefitted from geographically concentrated production, but it caused risks as well, affecting the entire production network. The supply chain network of the consumer-related industry is generally localized, however, the commodities dependent on international boundaries, such as cosmetics and apparel, led to major bottlenecks. Indeed, industries like food and drink, with a more regionalized supply chain network, have also dealt with difficulties. During these times, companies should focus on establishing an end-to-end transparent system, investing more in digitization, and improving collaboration with suppliers. Plus, they should embrace e-commerce and build a creative, and intelligent team of data scientists and engineers.
Global News and Digital Insights
for the Consumer Goods Industry
Menu
