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Companies Are Rethinking Their Supplier Networks After Covid

  • Manufacturers adding suppliers to minimize disruption risks
  • Vessels still waiting longer at European ports, clogging flows

The pandemic has changed the nature of global supply chains with companies seeking to source goods from multiple places in order to minimize shipment and production disruptions.

In further evidence of a shift from a just-in-time mentality to a just-in-case one, manufacturers are looking to add suppliers in more than one location to reduce their reliance on any single source, said Choi Na Young Hwan, head of the international logistics analysis team at think tank the Korea Maritime Institute. That could mean more warehouses will be needed, he said.