In recent weeks, the news media has been flooded with reports on the growing spread of the novel Coronavirus (COVID-19) across the globe. This highly contagious disease has shut down travel to and from China and several other regions of the world as governments implement aggressive measures to control the spread of the virus. At the time of this writing, there are nearly 130,000 documented cases of COVID-19 infection, and over 5000 people have died.
Supply chain leaders have dealt with disruption since well before the pandemic. Strategies for addressing VUCA—an acronym that stands for volatility, uncertainty, complexity, and ambiguity—have circulated in business management journals for the better part of a decade. Industry watchers have warned about dangers that range from natural disasters to trade disputes. And then, in 2020, the Covid-19 pandemic gave … Read more