COVID-19 is certainly proving to be an infelicitous event for the industrial sector. It is considered to be a black swan that is causing higher concern over its impact on the industrial supply chain and distribution strategies. On 11th March 2020, The World Health Organization (WHO) declared COVID-19 as a pandemic calamity. The outbreak of this Coronavirus began from China and by this day, it has already infected the population of over 10 countries including Italy, India, the UK, and the US.
According to the annual Sustainability and the Circular Economy research survey conducted by the Manufacturing Leadership Council, sustainability is the top priority for manufacturers in the US. The motivation for this transformation goes beyond growing environmental regulations and cost savings. Most participants agreed that sustainability helps them align with the corporate goals, contribute to a cleaner and healthier environment, and boost the company's reputation with customers and investors. Continue reading
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