It’s here! Yes, we are talking about severe business impact under COVID-19 scenarios. As a supply chain leader, you must be scrambling to address your demand and supply situation once the business resumes post lockdown.
While demand is impacted by customer and business sentiments. It is fulfilling the demand (supply side) which would impose significant challenges, post lockdown. Surprised? According to a Mckinsey report, accounts for nearly 60-65% of the freight movement. Interestingly, even after being such a large segment, it is the most fragmented. This is impacting the lives of one and mostly neglected community – the Commercial Vehicle Drivers.
Post lockdown, availability of drivers will be a big concern for supply chain managers and their organizations. As published in National Herald, soon after the lockdown was announced, nearly 500,000 drivers and their helpers were stranded on the roads with no basic amenities available to them, leading them to abandon their trucks and rush to their homes. This has led to a significant loss of consignment and property. Further worsening the situation, around 30,000 drivers have left for their homes and are now refusing to come back even if the lockdown is lifted. Trucks carrying essential items are stuck between abandoned vehicles to further damage to the supply of essential goods.
Read Full Article:- https://www.businessinsiderindia.com/supply-chain-headaches-in-covid-19-lockdown-what-you-could-have-done-and-should-be-doing/
