APRIL 17 — The repercussions of Covid-19 outbreak are being deeply felt day by day, and regardless of the extraordinary measures and efforts carried out to stem its growth, the virus continues to run riot across the globe, which has caused many disruptions. Companies and whole industries are...
Friday, 17 Apr 2020 03:11 PM MYT
So, 2020 would end up like a psychological thriller movie with a grim storyline, full of twists and turns that keeps the adrenaline flowing through our blood. Also, this outbreak has tested supply chains like no other event in modern history. As people are forced to isolate and quarantine themselves, the demands of certain items increase and plummet drastically, not to mention that their access to parts and labour worldwide is being brutally disrupted.
The unstable flow of resources from suppliers in Asia has also contributed to its supply chain issues, resulting in a wide-ranging impact across its electronics business. From an industrial outlook, as they are forced to face their weaknesses andvulnerabilities due to the pandemic, the current crisis and its aftermath should motivate companies to adjust their business models to a new reality.
This can be forecasted through AI tools that incorporate weather conditions, social trends, news, out-of-stock inventory and any number of other relevant factors.
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