Post-covid supply chain trends23 March 2021
What are the post-covid supply chain trends that will remain after we finally unlock? This is a question of great interest to me as we reach the 23rd of March 2021, the anniversary of the UK’s first lockdown. You might remember, like me, how the Supply Chain was one of the first things to be noticeably affected when the handbrake was applied twelve months ago. But, why was this, and what can we learn from this for the future?
At the beginning, most people, even myself, began to follow the stockpiling mindset and let us get extra of everything “just-in-case”, because at that time, we were entering a period of uncertainty of not knowing how long it would last and fear of possible rationing like the war years may be reintroduced. The stockpiling mindset was reflected through huge abnormal and spikes for lots of different products all over the country and many parts of the world. In the UK, many retailers were unable to redeploy surplus stock from region to region as they had done in the past, because every region was in high demand. During the early days of the pandemic, we found the most products were available somewhere in the supply chain, it was just a simple case they could not keep up with this unprecedented, constant, and continuous demand by the customer.