COVID-19 is creating havoc for supply chains. Factories are shut down. Workers are at home. Demand and prices for some items have skyrocketed, while others have collapsed. Ports, railroads, and truckers are starved for business. Amazon, UPS, and FedEx are overwhelmed.
Problems are acute for industries relying on specific countries. Electronics manufacturers have relied on China to drive supply chains. Pharma has relied on India for 40% of America’s generic drug supply. Hospitals have relied on China for over 50% of thermometers, face shields, textile face masks and surgical garments.
There will be a supply chain “reset”, moving to a new normal over time. Supply chains will likely move away from Asia, become more globally diversified or U.S./North America-focused, with changing traffic patterns and more balance of risk with low cost.
MOSIMTEC‘s supply chain simulation and modeling capabilities can help re-design logistics flows for the post-COVID 19 world. We leverage data to simulate, visualize, and enhance supply chains, conduct “what if” analysis, reduce capital expenditure, and support operational decisions. You can evaluate performance statistics, highlight what works, what doesn’t, where the bottlenecks are, and how to improve. Let us know how we can help.
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