Every time I think of 2020, I wish it was only a dream. Unfortunately, it is not and is worse for almost all nations and the world economy. Ever wished it could have been eradicated? Me too!
However, we will have to learn to live with it. The erection of barriers like lockdown, closed borders and air spaces during the pandemic has placed a major strain on the world’s supply chains, including essential linkages relating to food and medicines.
Talking about the impact of this pandemic on the Global Supply chain, the global distribution of medical goods and foodstuffs has become the primary focus of efforts to keep essential supply chains open during the coronavirus pandemic. Some evidence points to the likelihood that the current pandemic may lead to more long-lasting structural shifts, China could lose its central position in many global supply networks to Brazil, Mexico and certain emerging markets in South-east Asia. This could be due to the initial shock from China-centric supply chains, caused by the wide scale industrial shutdown across the country in February and March or the US-China trade war, which had already pushed some companies to look elsewhere. The reasons may vary, but the fact remains that there will be a major structural shift in the global supply chain.
Coming to the opportunities, we can definitely foresee infinite opportunities. As our PM, Shri Narendra Modi spoke about Globalisation and Atma-nirbhar Bharat Abhiyan (or Self-reliant India Mission), it pulled our thoughts towards building our manufacturing industries stronger and shifting our preferences towards home grown products. It also indicates that be it a product, a service or a technology, we should and have to be reliant on Indian creators. And why not?
We have been importing the majority of products from across the globe so far. That could save us a lot of manufacturing and infrastructural costs, but manufacturing every possible product in our nation and being able to export will certainly have a greater impact on our economic growth. But that has to be more reliant on No Contact or complete digitalisation. We have already been talking about Digital Bharat and now is the time to bring it to reality completely. Let the Brave Indian Digital Soldier be born.
There are a number of companies that have beautifully and successfully brought digitalisation to Global Supply Chain and Dew Solution is one among them. Founded in 2010, this combination of power packed teams with varied technical skill sets, collaborates with businesses worldwide to deliver sustainable business solutions based on cutting edge technology. Their service portfolio includes product consulting, software development, UI/UX design consulting and comprehensive data science implementation. To know more, pls drop by at email@example.com or www.dewsolutions.in or give a buzz at +91. 9821468048.