How Coronavirus has Disrupted the Global Supply Chain Management

The Coronavirus (COVID-19) that originated as an epidemic in China in the initial months of 2020, is now declared a pandemic by the World Health Organization (WHO). Not only China, but the whole world is paying a price due to its adversity - people who are both directly and indirectly affected by the virus. The world has come to a standstill and so has business, both online and physical.

The evolution of Coronavirus has made a significant impact on supply chains across industries throughout the globe.

As the number of Coronavirus cases is multiplying each day across all the continents, an undisrupted continuation of work and business has become very difficult. So is the case with the retail and eCommerce world which has badly hit the global supply chain system.

Big, large scale product companies are in trouble as most of the manufacturing units are located in China. Production and delivery of products and projects have become a challenge in this unfortunate scenario.

The ISM survey reports that the corona outbreak is the reason for 75% disruption in the supply chain resulting in major losses in revenue.

Logistics giants like Amazon, FedEx and others have already declared possible delays in order deliveries owing to the unfavourable conditions caused by the virus outbreak.

Following a few guidelines can help improve the supply chain impact on eCommerce. Read them here: https://www.appseconnect.com/how-coronavirus-has-disrupted-the-global-supply-chain-management/

Risk assessment and planning should be the immediate action taken by businesses right now. Weekly monitoring on suppliers, potential customers, and employees of the organizations should be done.

The crisis does allow for better learning, improving business sense and fueling capabilities. As Rahm Emanuel said, "You never let a serious crisis go to waste. And what I mean by that it's an opportunity to do things you think you could not do before."

For further details, visit the above link.
For any help regarding eCommerce business in these hours of crisis, reach out at www.insync.co.in

InSync Tech-Fin Solutions Ltd.
DGK 912, DLF Galleria,
Action Area 1B, New Town, Kolkata - 700156,
West Bengal, India
Ph: +919830027106

InSync Tech-Fin Solutions Ltd. is a technology company based in India with the mission and vision of digitally transforming the way businesses work and deal with their data. We design, develop and integrate digital commerce solutions that accelerate growth and improve efficiency.

We offer a smart Integration Platform as a Service (iPaaS) solution called 'APPSeCONNECT', which connects multiple applications together and streamlines complex business processes. We also provide integrated B2B eCommerce solutions and B2B Ecommerce extensions for platforms like Magento, Shopify, WooCommerce, etc. to help organizations delight their business buyers.

This release was published on openPR.