What coronavirus, however, will leave us with is a lasting lesson on the fragility of global supply chains. Global supply chains of today exist as an interdependent, complex web of operations. Additionally, where manufacturers operate low inventory levels, putting trust in their supply chains, production gridlock is likely. China’s integration with the world’s supply chains is also higher than ever -- the nation accounts for 13% of the world’s exports, making it the world’s biggest trading nation. So is India and many other developing countries, who shifted to low-priced sourcing to command global supply chains.

Source: Dhaka Tribune February 26, 2020 08:15 UTC