For example, a vast web of suppliers participate in Walmart’s supply chains, with over 20,000 located in China alone.
The Vulnerabilities and Downsides of Global Supply Chains.
The COVID-19 pandemic dramatically highlighted the underlying vulnerabilities of global supply chains.
In addition, the recent pandemic was only the tip of the iceberg, showing that global supply chains are fragile and potentially exposed to even more critical shocks.
Beyond cyber-attacks, accidents can also have disastrous impacts on the smooth and timely—or ‘just-in-time’—operations of global supply chains.
And last but not least, the rapid development of digitization and the associated technological revolution will certainly have an impact on global supply chains too.
6 Robert C. Bird et al., ‘From Suspicion to Sustainability in Global Supply Chains’, Texas A&M Law Review, 7 (2020), 384–388. »