DIGITAL MANUFACTURING
“ Because of COVID-19 , the usual safety , cleaning and maintenance procedures weren ’ t completed , contributing to a surge in factory fires post-COVID-19 ”
BINDIYA VAKIL CEO AND CO-FOUNDER , RESILINC
maintaining good supplier relationships and implementing advanced monitoring and planning techniques .
“ These are all effective ways to identify potential risks and take timely action to mitigate any losses ,” she says . “ What ’ s more , investing in technology-based supply chain risk management solutions will improve a company ' s agility and responsiveness in times of crisis .”
The impact of COVID-19 on the supply chain The COVID-19 pandemic has posed unprecedented challenges to global supply chains . Companies have experienced major disruptions from the demand side , all the way to raw materials and people labour shortages , as well as delivery delays and international trade restrictions .
“ This situation has generated tangible financial losses on a global scale ,” says Vakil . “ Even the largest manufacturers with endto-end processes in place , dependent on a group of sub-suppliers spread across the globe , haven ’ t escaped this turmoil .
“ To make this point clearer , a threeday fire at a semiconductor plant in Japan shut down production lines for six months .
72 August 2023