Industry leaders are leveraging Industry 4.0 solutions: 39 percent have implemented a nerve-center, or control-tower, approach to increase end-to-end supply-chain transparency, and around a quarter are fast-tracking automation programs to stem worker shortages arising from COVID-19. Most important, they are likely to be much more digital, as is already evident in the immediate response to the crisis. As businesses adjust to the next normal, executives are grappling with the longer-term question: How will manufacturing and its supply chains look after COVID-19? Yet volatility was becoming a watchword among supply-chain and manufacturing leaders even before the pandemic. ![]() ![]() In a recent McKinsey survey of manufacturers in Asia, for example, struggles with sudden materials shortages were a common issue (reported by 45 percent of respondents), along with steep drops in demand (41 percent), and worker unavailability (30 percent). ![]() ![]() Even in parts of the world where COVID-19’s initial effects have started to recede, serious dislocations appear likely to remain a fact of life for some time to come, with executives constantly facing new pressure.
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