Response to Covid-19
Trade Related Measures
The COVID-19 pandemic has raised many questions about risks in supply chains. Everywhere around the world amid escalating economic turmoil governments and businesses are battling to figure out the right trade response to the pandemic. The past decade saw supply chains becoming more globalised and specialised whilst providing a high level of efficiency and minimal risk. Fast forward to the present, the global economy and international trade is bleeding with steep demand reductions in many areas and major spikes in others. We are seeing a drastic reduction in foreign investment as supply and demand continue to be incongruous causing a major thrust of supply chain breakdowns.
The big questions still stands. "What is the way forward for supply chain systems?" The lock downs due to COVID-19 have led to suppliers in the chain temporarily ceasing production and logistics providers unable to transport goods as seamlessly. China's major role of contributing 17-20% of the worlds GDP significantly and destructively affected the global supply chain causing major disruption in trade. Global Strategic Synergies is working tirelessly in revising purchasing plans to procure items in high demand for the current industries permitted to work. Whilst strategizing with our suppliers on how to accelerate digital transformation initiatives and employ technology led business models to match the new supply chain systems.
The link below comprises of measures worth taking note of as we explore new methods to operate.
Supply of Personal Protective Equipment(PPE)
In line with being resourceful and adaptable we have conjoint with our partners 14 Degrees who are well established in the supply of medical personal protective equipment (PPE) around Southern Africa. In addition to providing valuable resources this has allowed our workers to continue working in these uncertain times