Manufacturing continues to play a critical role in post-Covid economic recovery strategies of many countries. In a post-pandemic world, the focus will increasingly shift to creating competitive, resilient, inclusive and sustainable industries. Second, resilient manufacturing requires rebooting of value chains to make them adaptable to unexpected shocks. The pandemic has exposed weaknesses in supply chains, with manufacturers unable to access crucial inputs, especially those who rely on complex global supply chains due to lockdown measures to contain the virus. SMEs also play a crucial role in manufacturing supply chains hence require massive support, especially in the prevailing challenging economic environment.

Source: Standard Digital January 26, 2021 07:06 UTC