Before coronavirus, companies would assign top priority to areas such as manufacturing efficiency, process optimisation and smart sales and marketing. Not anymore. Today, in a world where even the biggest and best-organised corporations are scrambling to survive, the focus is squarely on the supply chain.
In the automotive industry, more than 75% of product value comes directly from the supplier network. However, with key supplier components and systems no longer arriving at their plants according to the just-in-time (JIT) principle, many companies are suddenly realising that they have only a limited grasp of their complex supply chains.
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