COVID-19 pandemic sheds new light on the need for a supply chain logistics contingency plan
from Supply Chain 247
According to a recent survey from the Institute of Supply Management (ISM), nearly 75% of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions. Furthermore, 16% also report adjusting their revenue targets downward an average of 5.6% as a direct result of coronavirus. "The story the data tells is that companies are faced with a lengthy recovery to normal operations in the wake of the virus outbreak," said Thomas W. Derry, Chief Executive Officer of ISM.
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