Date of Publication: May 25th, 2020
The coronavirus is “a wake-up call for pretty much every company,“ said Gerry Mattios, expert vice president at Bain. “The number one item on the agenda is, ‘how do I build resilience in my supply chain?’” “China is still a very attractive total supply chain solution,” said How Jit Lim, a managing director with consulting firm Alvarez & Marsal. “There are very few countries in the world where you can find almost everything you need to build something.”
Exports are still important for China’s economy, which contracted by 6.8% in the first quarter amid the height of the coronavirus outbreak within the country.