I thought I understood all the major supply chain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and Supply Chain Strategy beyond Covid-19. Jim Hackett, the CEO of Ford at the time, was quoted as saying: “We didn’t realize there was an off switch. We knew it might go into a recession, more like a dimmer switch, but off?” In some industries, the pandemic’s effects on demand were more sudden and severe than any recession scenario companies had planned for.
Now of course, companies must map out the potential impacts of the Russia Ukraine war. This week’s news will all center on this war. The potential supply chain impacts of this conflict dwarf any other supply chain news that might be reported.
February 25, 2022