Monday, May 4, 2020
Supply chain challenges and issues in covid 19 Corona days- The Indian perspectives
Covid-19 Corona virus
has bought business to standstill. The world economy suffered irreversible consequences
due to this epidemic outbreak. It has affected hungry need of millions across
the globe and notwithstanding many more lost the job for life time. This
unprecedented scenario has exerted pressure on supply chain sector. This
article discusses supply chain challenges and issues emerged during and after
covid-19 Corona days.
According to economic times
( corona virus supply chain shock03/004/2020) , the virus outbreak has hit
badly to auto component industry due to their reliance on Europe and US market.
The Hindu business line
in its article on 01/04/2020 had written in length about the Indian supply
chain vulnerabilities. Highlights of the article are emerging cost minimization
models and just in time delivery. Further, supply chain risk of china sourcing
exposed in this lockdown period. Added to this, renewable energy sector,
pharmaceutical sector and auto-components buy large quantity of components from
china are wandering for not finding the future path. Apart from this article
stressed on Indian firms inability for quick response and resilience. Now, more
number of firms believes in de-risking the business from hugely depending on
single source strategy. However, these risk propositions have provided a window
of opportunity for local Indian companies.
Umashankar Mishra’s article
on Agriculture supply chain during lockdown written the positive gain to
agriculture sector. The article lauded Indian council of agricultural research
(ICAR) effort in developing an app that connects farmers and freight management
system. The app emerged as the platform for both farmers and middlemen to fix
their pricing issues. Further, the article emphasized on connectivity of
farmers and app to reduce logistics hassles in the supply chain.
Vishwanath Kulkarni (March
26, 2020), in the Hindu business line, discussed about panic buying affecting
inventory at middlemen though government is having huge stocks. In addition to
this, the writer penned that logistics roadblocks due to lockdown bought gaps
between stock at government and stock at middlemen. Companies like Ninja cart
had faced state border issues to procure vegetables and fruits from other
states. Another company waycool beloved that it’s not the supply issue but its
supply chain issue due to those customers was not receiving products.
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