The European Union and India agreed to resume the stalled free trade negotiations and seek closer cooperation to combat the covid 19 crisis.
Recent tariffs and the ever-increasing demand for rapid shipping have pushed this number higher. A drop in consumer demand will likely lower the number. However, the focus should remain on the diversity, resiliency, price and efficiency of the supply chain.
While the pandemic has put pressure on consumption in the West, there are other longer-term threats to long-distance shipping. The most obvious is the trade tensions between the US and China.
Many companies have started shifting their base from China to India with the outbreak of the US-China trade war.
So what will be the economic impact of the lockdown measures required to keep the mortality rate down?
As the world grapples with human and economic crisis, supply chains are finding themselves squarely within the public eye and experiencing unique challenges of their own.
A detailed 6-point checklist that will help you capture all your risk and help isolate your recovery plan.
How you act right now makes all the difference. But bad choices matter just as much.
demand shocks witnessed by the global market in recent times seem bigger than those felt during the recession of 2008-2009.
Companies must become adept at managing risk to maintain competitive advantage, even in uncertain times.