Security News > 2020 > March > Coronavirus adds uncertainty and cost to tech company supply chains

Coronavirus adds uncertainty and cost to tech company supply chains
2020-03-05 17:04

Buchman said tech supply chains are particularly vulnerable to air cargo changes and because many airlines have canceled flights around the world, this will create a down-chain gap that will become more apparent as manufacturing speeds up.

The supply chain management company Anvyl has employees in China and said that his entire team has been quarantined twice.

Richard Lebovitz, founder and CEO of LeanDNA, a software company that specializes in factory inventory management said that the recent trend of mass customization has added extra complexity to supply chains.

Look for ways that your company can help suppliers by making early payments on open invoices, suggesting alternate supply routes or donating to local relief efforts.

"In the case of coronavirus, if a company's supplier is suddenly ordered to shut down operations, their buyers can identify new suppliers and integrate them into their supply chains quickly and efficiently."


News URL

https://www.techrepublic.com/article/coronavirus-adds-uncertainty-and-cost-to-tech-company-supply-chains/#ftag=RSS56d97e7