The Impact of COVID-19 on Global Supply Chains Lessons Learned and Future Preparedness

The COVID-19 pandemic has had a tremendous impact on global supply networks, revealing vulnerabilities that were not previously recognized and creating interruptions in the transportation of goods and services around the world. This review research makes an effort to investigate the impact that COVID-19 had on global supply chains, determine the most important things that were learned from it, and suggest ways to better prepare for such events in the future. The research paper investigates a wide range of subtopics, some of which include the vulnerabilities that have been uncovered as a result of the pandemic, the role that technology and digitalization play, the requirement of resilience and agility, the requirement for diverse sourcing and local manufacturing, as well as the importance of working together and effectively managing risk. This study explores these features and provides useful insights into the challenges faced by global supply chains during the pandemic. It also provides unique insights into the problems faced by global supply networks during the pandemic and makes suggestions to strengthen their resilience and adaptation in the event of future disruptions.