This briefing was written to shed light on the impact of COVID-19 on global supply chains. It explores the challenges businesses are facing and the emerging opportunities to be in a more solid position to face the new economic, business, and technological realities once the crisis is over.
COVID-19 Global Supply Chain Disruptions
COVID-19 Global Supply Chain Disruptions
Canadian Economic Analysis
Global Economic Analysis
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- Even after the number of COVID-19 cases starts to fall, containment measures are likely to persist as governments work to avoid a reintroduction of the virus and new outbreaks. Production and global supply chain operations will likely be slow to return to pre-outbreak levels.
- Businesses that can take advantage of online platforms and other digital technologies will be in a better position to handle supply chain disruptions, both now and in the future.
- Export restrictions introduced by several countries are escalating the global trade protectionism trend that was already under way before the outbreak. But defeating the COVID-19 pandemic requires a cooperative approach, rather than a protectionist one.
- Containment measures have compelled businesses to lay off or significantly reduce the working hours of many workers. This is an opportunity to reskill workers so that they are in a better position to tackle the new business, employment, and technological realities that will be more mainstream once the crisis is over.
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