The coronavirus pandemic has had a huge impact on global risk-management strategies. Many companies learned in 2020 that their supply chains weren’t prepared for a disruption of such massive scale. Now, they’re determined not to get caught short again.
The auto industry dodged disaster when the U.K. and European Union sealed a post-Brexit trade accord, but not before carmakers announced factory closures and called off plans to make several new vehicles in the country.
Matthew Goodman, senior vice president and holder of the Simon Chair in Political Economy at the Center for Strategic and International Studies, discusses the prospects of the Biden Administration bringing the U.S. back into the Trans-Pacific Partnership.
John Caltabiano, vice president of supply chain with manufacturing services provider Jabil Inc., discusses the results of a recent survey of supply-chain professionals about how they’re weathering the coronavirus pandemic.