It has been just over two years since our world came to a virtual standstill due to the newly bourgeoning COVID-19 pandemic. Little did the world know that the pandemic would wreak havoc on society for the ensuing two years and likely beyond. While COVID-19 has resulted in several long-lasting societal impacts, perhaps the longest lasting impact is, and will be, the pandemic’s impact on global supply chains.

“The pandemic has shown us that global supply chains are a huge house of cards: fragile enough on a good day, but prone to come tumbling down when there’s an unexpected breeze.” McGillivray, Glenn, ”An expert explains: How COVID-19 exposed the fragility of global supply chains,” World Economic Forum, July 30, 2021. Indeed, “shortages of essential … goods and materials during the COVID-19 pandemic have dramatically exposed the vulnerabilities of global supply chains.” Shih, W. Huckman, R., & Wyner, J., “The Challenge of Rebuilding U.S. Domestic Supply Chains,” Harvard Business Review, May 26, 2021.

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