China is one of the most affected countries in the world right now. The battle against COVID-19 has put the world as a whole at great risk. Along with a ton of other factors like loss of lives, unemployment, and increased infection rate, the supply chain in e-commerce has also suffered this terrible setback. Many industries all around the world are struggling to keep their businesses running. Some of them have succeeded while the others have ended up in complete hopelessness.
Alteration in strategies to keep the business steady
In this crisis of economy, unhealthy employees have also become a grave danger to the industries. Fortunately, China was able to recover from this massive outbreak, but as suggested by recent reports, it will still take a long period of time for its supply chain to speed up like before.
A huge number of changes have been made in the entire e-Commerce supply chain in China. As per rule, new strategies are being adopted by various industries to keep their businesses steady. The lockdown has added to the situation even more. Employees are unable to reach their factories or operate them from home, which has caused a complete shutdown of entire projects. The consequences of these precautions have disturbed the entire system of the economy worldwide.
Trade and Labor
Lack of transportation has put a total deadlock on the trading world. The services of labor are the reason why the supply chain gets a boost. With no labor at disposal, industries have been forced to alter their previous strategies completely.
As more time is beginning to collect, the researchers estimate that some of the industries might resume their work and get back on track. With the right strategies and accurate use of their resources, e-commerce majors believe that this pandemic situation might not be too ruthless to some of the industries.
Infographic by: Go-globe.com