‘A national supply chain network can boost domestic manufacturing’
Different parts of the economy have been impacted by the new normal imposed by the Covid19 pandemic. It will be interesting to observe how the cultural distancing factors will affect industries and supply chain that have a strong association with national identity such as media, food & beverages, automobiles, consumer durables, and heavy engineering equipment.
As we look to re-start businesses and begin the recovery, we have to preview the impact of COVID19 pandemic through a supply chain lens rather than a geographical lens. We need to look at exploring our Indian supply chain network to boost domestic manufacturing across industry verticals and assess export promotion by enterprises as a strategy for employment generation and investment.