How COVID-19 Will Have a Substantial Impact on Fragile Global Supply Chains

The "Coronavirus Outbreak: Impact on Complex Global Supply Chains and Beyond" report has been added to ResearchAndMarkets.com's offering. As coronavirus continues to spread globally, it is becoming clear that the economic backlash of the outbreak will be colossal. The world economy is more globalized than ever and as a result, the spread of the virus and the measures taken to contain it have become highly disruptive to fragile global supply chains. This case study explores how the outbreak has affected global supply chains, the industries which will be the worst hit and what action can be taken to improve supply chains to prevent major disruptions in the future. To understand the impending economic impact of coronavirus through its disruption of global supply chains, it is important to appreciate how deeply integrated the global economy is. Since 2000, globalization has sped up at a fast pace, transforming the global supply chain. The ability to access global markets for manufacturing has led to choke points within certain industries, an issue which has been highlighted due to both natural disasters and disease outbreaks in the past. The outbreak of coronavirus and the implementation of quarantines and travel bans, as a result, have once again exposed just how heavily global supply chains depend on Chinese manufacturing.