The pandemic has exposed how volatile supply chains can be and how risky it is to depend on a single supply chain. India is offering land to foreign investors who wish to reduce their reliance on China.
This debacle has highlighted one of the major weaknesses of our globalized economy. Will this change our opinion about the way the shipping industry currently operates itself?
Everything that is enabled by technological advancement creates a platform for the digital supply chain.
So what can you do to mitigate risks and minimize the possibility of exploitation?
Blockchain is one such technology predicted to help in connecting several players and handoffs within the supply chain industry.
Many companies have started shifting their base from China to India with the outbreak of the US-China trade war.