Supply chain expert: Coronavirus a 'learning experience' for companies - Business Insider

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The disrupted supply chains that left store shelves devoid of toilet paper and cleaning supplies could end up being a good lesson for American companies

told Business Insider they were shocked that the US had no coherent, centralized plan for producing its own face masks, medical devices, and pharmaceuticals after decades of relying on China to create those products.

"Folks are now going to start thinking, 'Can I open up a smaller facility? Or a facility in the United States? Can I open up a facility closer to the United States? Maybe Mexico? Canada?" he said.Target shelves seen low on toilet paper in March.

That lesson goes for consumers as well as manufacturers and suppliers, Ozkul said, adding that it's important Americans recognize how their buying habits can affect others.

 

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Nope we won't learn Makes you wonder how powerful and efficient America really is compared to less affluent countries.This national emergency is revealing a quite lot.

It’s a double edged sword. Multiple suppliers = more expensive and inefficient. How much did the 2 weeks blackout cost in lost sales? Would multiple suppliers have prevented that? Not an easy question, but supplier diversification is costly.

got shop towels instead of regular papertowels at costco yesterday. 1bag =1yr supply, I'm not hoarding.

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