Building a More Resilient ICT Supply Chain: Lessons Learned During the COVID-19 Pandemic

The pandemic has been a wake-up call and companies, after assessing costs and benefits, may begin making shifts to their supply chains in order to reduce future risk. This may include moving in and out of certain regions, developing enhanced but practical approaches to risk mitigation, and diversifying supply sources. Given the global supply chain difficulties ICT companies are currently encountering because the virus adversely affects their ability to compress their cycle time, there are active policy discussions as to whether firms should be provided with various incentives to bring manufacturing home, closer to home, or to never leave in the first place.

Based on the research and analysis conducted as well as the discussions with ICT companies both large and small, the Study Group offers six practical recommendations that ICT companies may adopt to increase their supply chain resiliency.

 

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