What are the potential implications for global supply chains in the wake of COVID-19? Vikram Mansharamani discusses the fundamental shifts that are a likely result based on existing trends and the impact of the global pandemic.
In this session from the 73rd Annual Virtual Conference, Vikram Mansharamani discusses the potential implications for global supply chains in the wake of COVID-19:
- The world is facing tectonic change based on existing trends and the impact of the global pandemic;
- The world had already been seeing the results of consumer-led economies, overcapacity in China, the acceleration of technology with more output and less input, the changing nature of work, and older demographics;
- The explosion of supply in energy and less demand will lead to deflationary order;
- Supply chains will also be affected by currency wars, nationalism, and protectionism, which are all on the rise, in addition to COVID-19 lockdowns making some supplies and parts unavailable;
- Global supply chains will be shifting in fundamental ways as a result of the changing environment.