COVID-19, on the other hand, has had a truly global impact, with many supply chains experiencing multiple fractures – at component suppliers, manufacturing sites, and in the “last mile” to the customer. It is difficult, if not impossible, for firms to maintain efficient supply chains while having redundancy across all of their operations. Jag Srai, […]
What is Logistics and Supply Chain Management?
In today’s globalized world, businesses operate in increasingly complex and interconnected environments. The concepts of logistics and supply chain management (SCM) have become central to the functioning of modern organizations. Both logistics and SCM are crucial for the efficient movement of goods, services, and information from the point of origin to the end consumer. While […]