Siliconindia Magazine

Overseas Procurement: A Real Challenge Faced By The Industries Due To Coronavirus!

As the Coronavirus menace continues to take a toll on humanity and the number of affected people is rising exponentially, it is now becoming clear that Coronavirus is more than a health concern. Industries all over the world have started to suffer and global business has been brought to its knees. The pandemic has also carved out gaping holes in the edifice of supply chain. China is the major supplier of finished and unfinished goods around the world. Coincidentally, it's also the epicentre of the pandemic, which has led to the shutdown of all manufacturing units in the country. This has majorly affected the supply chains around the world. Also, Italy, which is the major exporter of unique and exquisite goods has taken the brunt of it, making overseas procurement impossible.