The outbreak of COVID-19 has drawn attention to the vulnerability of global supply chains. The disease has revealed how critical it is for businesses to have reliable and efficient supply chains to maintain continuity of operations. COVID-19 has also shown that disruptions in the supply chain can cause significant financial losses and even threaten the viability of businesses. Several businesses have reported that the outbreak has cost them significantly.

In addition to the COVID-19, the Russia-Ukraine conflict in 2022 has further disrupted the supply chain of goods globally. The conflict has caused delays and higher costs for companies that rely on transporting goods across the border. Many companies have had to reroute their shipments to avoid the conflict zone, which has added extra time and cost to their operations. Some companies have had to suspend operations altogether due to the disruptions.

Requirement

With relevant theory and appropriate references, evaluate how the industry dealt with supply chain management issues between the year 2020 to 2023