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By Bob Xie, Cybersecurity & Privacy Protection Officer, Huawei
What impact has the pandemic had on supply chain risk management?
People are the most critical resource and the core of the smooth operation of the supply chain. The COVID-19 pandemic has brought unprecedented negative impacts to the global economy and society, and no country or region is immune. The main impacts are as follows:
- A large number of nodes in the supply chain, including key nodes, were paralyzed by the epidemic.
- With the cross-regional distribution of the global ICT industry chain, COVID-19 will lead to policy contraction, transportation capacity difficulties, and personnel shortages, making logistics, especially international logistics extremely challenging. The effective and efficient interconnection and resource transfer of subsidiaries was very difficult and supply chain recovery has been hindered. If the supply chain fails to recover, the global economy will also fall into a short-term recession, with the possibility of a medium-to long-term downturn.