Businesses Brace for as Much as Six Months Disruption

Companies around the world are now bracing themselves for massive disruptions expected from the effects of the ongoing coronavirus (COVID-19) outbreak. This is according to a recent study carried out by CNBC Global CFO Council. The report states that things will not return to normal at least for three to six months. The study found that the pandemic has had a far-reaching effect on the supply chain leading to adverse impacts on overall business operations. Other areas that have been extremely affected apart from the supply chain are IT resources, strategic planning, and human resources, most of whom have lost a lot to the disease.

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Supply Chain Industry on Edge as Coronavirus Continues to Spread

When the coronavirus (COVID-19) began; experts theorized how a potential pandemic would affect the supply chain industry. Months later as the coronavirus continues to spread with no indication of stopping – the supply chain and logistics community are starting to see just how quickly the virus can impact businesses both small and large.

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