We conducted a survey during the “Impact of COVID-19 on Global Supply Chains” Webinar, to understand how COVID-19 has impacted businesses, their supply chain and operations across MENA, Africa, India, and APAC regions. You can download the inforgraphic using the below button
Key Insights From Our Webinar
How Global Supply Chains & Business Continuity Plans Are Standing Up To COVID-19
Global trade is experiencing a shock of unprecedented magnitude due to the COVID-19 pandemic. Businesses on both the supply and demand side are grappling with a number of challenges, unable to predict with certainty when the crisis will be contained, and economies will recover.
The WTO predicts that world merchandise trade will fall by between 13 and 32% in 2020 due to the pandemic. A recovery could be on the cards for 2021, but this is dependent on how long the outbreak lasts and how effective the various policy responses are. During a recent webinar held across the Middle East, Africa, India, Asia, Australia and New Zealand, Thomson Reuters asked participants how the crisis is impacting their supply chains and whether they have adequate resources in place to maintain some form of business continuity.