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Coronavirus: A lesson in supply chain risk management

he Chinese government notified the World Health Organization of an unusual illness in the city of Wuhan last December. This virus was later identified as a novel coronavirus, and the illness it caused was named COVID-19. Weeks later, as it spread and the death toll climbed, the Chinese government placed Wuhan under quarantine. ?

Factories producing goods for thousands of global companies remained shut down past the Lunar New Year holidays as employees couldn't return to work. Rail, air, and ocean shipments stopped moving through the affected region. Soon, firms in other countries began announcing plans to temporarily suspend production because they couldn't procure parts from suppliers in China. 

With manufacturers not operating, or operating at reduced capacity, ocean carriers began to blank sailings as a result of the decreased demand. Importers began canceling supplier orders as customer demand waned.

Take a look below at Supply Chain Dive's coverage of the COVID-19 pandemic and how companies are responding. You can view all news, analysis and report on coronavirus by clicking here.

 

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