Technology and the foundations for building supply chain resiliency

The past year has seen numerous disruptions to global supply chains, accelerated by the Covid-19 pandemic and trade discussions around Brexit. Congestion at ports and reduced shipping and air capacity has meant that even the most prepared businesses have faced issues throughout their supply chains. 

The impact of Covid-19 was felt heavily on global supply chains across multiple industry sectors, including manufacturing, retail, healthcare, pharmaceutical and agriculture. Chief economist of the International Monetary Fund, Gita Gopinath claims the drop in manufacturing is comparable to the start of the global financial crisis. Demand for dry bulk shipping stocks such as building materials and commodities has also dropped to a level not seen since the most acute phase of the global financial crisis, reflecting curtailed economic activity associated with the unprecedented containment effort in response to coronavirus.

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