The COVID-19 pandemic has clearly exposed the vulnerabilities and weaknesses in global supply chains. It has demonstrated the dangers of relying on a single supply chain route and manufacturing facilities situated in one country for almost everything. As the virus continues pounding the world’s economies, the modern supply chain has been shown as having been built on shaky grounds. This has resulted in businesses and industries struggling to get the necessary materials needed during the crisis. The escalation of the pandemic has put what was seen decades ago as a supply chain process with few hitches under a test and has emerged as seriously flawed.

Companies around the world are now bracing themselves for massive disruptions expected from the effects of the ongoing coronavirus (COVID-19) outbreak. This is according to a recent study carried out by CNBC Global CFO Council. The report states that things will not return to normal at least for three to six months. The study found that the pandemic has had a far-reaching effect on the supply chain leading to adverse impacts on overall business operations. Other areas that have been extremely affected apart from the supply chain are IT resources, strategic planning, and human resources, most of whom have lost a lot to the disease.