that 70% of the global supply of raw materials is controlled by China. Thus, when China starts shutting down its borders, the effects are felt everywhere. Already, the auto sector is starting to halt production due to an inability to obtain parts from Chinese sources., has shut down production at 3 factories in South Korea because it can’t get critical wiring harnesses from a Chinese supplier. Within China, virtually all of the major car companies have shut down production.
The rational response for any company in this situation is to do whatever possible to minimize risk by increasing supply chain agility.Total visibility: Consolidate your view of relevant data
Source: News Formal (newsformal.com)
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