The pandemic left indelible marks on how corporations approach inventory and logistics, including a shift away from just-in-time to just-in-case inventory management. CEOs who once viewed supply chains as cost centers are now making supply chain resiliency a strategic priority and investing in streamlining technology.
The urgency of these actions has been heightened by geopolitical rifts (such as Russia-Ukraine and U.S.-China) which disrupted, or threatened to disrupt, the flow of goods. Changes to the supply chain are also being driven by a massive U.S. government stimulus that in part encourages onshoring. In general, companies are looking to geographically diversify manufacturing and sourcing, bringing it closer to the end-consumer where possible.
What we’re watching