Tech giants, major retailers, and global manufacturers have spent countless years building intricate supply chains that span across the world.

In many ways, the global supply chain has been built just as much for the consumer as it has been for the seller. While these supply chains are complex and oftentimes span several continents, it has not only allowed consumers to get their products more efficiently but has also slashed major labor costs for businesses.

Over the years this has led global supply chains to heavily rely on outsourcing production to other countries and has even resulted in China controlling over one third of the global trade market. While this has worked well under normal circumstances, 2020 has taught businesses that global supply chain disruptions can occur in the blink of an eye, and have major repercussions for years to come.

This article highlights how the COVID-19 pandemic has been a catalyst for new supply chain trends in which businesses can mitigate risk and plan more efficiently in the wake of constant disruption and increased consumer demand.