The pandemic has impacted 75 percent of supply chains for US companies. The supply of essential goods like food and medicine continue to come under heavy pressure and have prompted both policymakers and industry leaders to question the security of relying on a single major supplier, such as China. Instead, many are now looking to bolster supply chains by diversifying across multiple countries and building redundancies into supply networks. According to a recent report by Bristlecone, by the fourth quarter of 2020 many companies will study consumer behavior pattern and move to digitally optimize their logistics operations while building an online presence.
