The impact on supply chains in a pandemic
2020 spared no one, 2021 is trying to match it. Both individual consumers and global players have suffered. The catastophie that the pandemic has become for the economy is so different from other threats in recent decades that its scope is global. Everyone has been affected by this problem.
For this reason, the risks taken by companies planning their supply chains are enormous. The stability of the logistics process is threatened by various factors, ranging from the volatility of product prices, to changes in transport prices, but also by the health of key people in the process. It may be that staff at various locations responsible for supervision, handling and delivery have been or will be placed in quarantine because of COVID 19. The dynamic development of an epidemic can impact more than one person. Without supervision, it’s easy for delays to occur.
The consequences of such a delay vary from industry to industry. After all, the durability of food products, for which time plays a huge role, is different from that of textiles or metal goods. These are the problems that companies are now struggling with every day.
One way to reduce these risks in the mechanical industry may be to shorten the supply chain geographically. European component manufacturers can deliver components much faster than their Asian competitors, while maintaining attractive terms of cooperation. EURO METRICS, in addition to proven partners from China, India and Mexico, is building a network of European local suppliers to reduce risks and fulfil customer orders in the shortest possible time, maintaining quality standards and optimising costs.
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