From pandemic to AI boom: The new reality of global supply chains [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
The supply chain—the network of people, organizations, and information that moves a product or service from its origin to the final customer—is crucial to the world's economy, as it ensures efficiency and lowers costs. The COVID-19 pandemic exposed just how fragile global supply chains are. “For decades, we have grown accustomed to ever quicker deliveries with increasing methods of tracking,” said David Dreyfus, Rutgers Business School supply chain management professor. “Two-day deliveries, free returns, and omni-channel retailing have become the norm.” So, he asked, what happened during this pandemic that caused our supply chains to play out of tune? “You may remember that we ran short of ventilators, personal protection equipment, toilet paper, and computer chips,” Dreyfus wrote in a chapter of Reflections on the Pandemic: Covid and Social Crises in the Year Everything Changed “Instead of an isolated disruption, as is usually the case amid a natural disaster or war, this
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