Gartner has made some it its reports complimentar
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One effect of the coronovirus is to affect supply chains.
Anticounterfeiting Blockchain is a component in tracking products in a supply chain.
The report gives reasons supply chains will be disrupted and incorporating blockchain decentralized systems can give more flexibility for organized and responsive results. Link to the report here:
Supply Chain Brief: Global Supply Chains Prepare for
Impact From Coronavirus
The risks for supply chain are manifold:
Supply chain organizations typically manage these unknowns through risk and business continuity processes, including measures to dynamically assess risk, impact and effectiveness of controls.
This includes a framework to continuously measure key risk indicators and to prepare scenarios for controllable and foreseeable uncertainties such as compliance, labor, material, capacity and financial issues. It also focuses on aligning the organizational risk appetite and strengthening its risk capacity and supply chain resilience to absorb uncontrollable and unpredictable challenges to
its best abilities.
-Materials: Supply chains may face supply shortages of materials or finished goods coming from or routed through logistical hubs in impacted areas.
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Labor: White- and blue-collar labor may not be available due to quarantine guidelines or illness. In China, the usual rehiring process following the Chinese New Year celebrations (known as “job seasons”) has become more challenging in recent years due to a competitive labor market. An outbreak means that replenishment of the trained workforce becomes increasingly difficult, impacting output and capacity utilization.
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Sourcing: Travel may be restricted to certain areas, limiting the ability to discover, qualify and certify new business or programs and to transact business. The costing baseline and budgets may show variations that complicate cost control measures and show unpredictable purchase price variances.
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Logistics: Established hubs and supply networks may experience limitations in capacity and availability so that, even if materials are available, they would be stuck elsewhere. Finding alternative routes and means of transportation will become difficult when many industries experience this simultaneously.
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Consumers: Consumers may be more cautious in their purchasing habits due to fears about being in public and potential exposure to the virus. Many may turn to online sales, challenging logistics networks.