Pandemic-era disruptions have upended distribution networks and exposed vulnerabilities in supply chains from Hong Kong to Singapore to Australia
Businesses are starting to stockpile more and diversify their suppliers, as regional governments look to shore up supplies of raw materials and essential goods
Running a distribution business is a juggling act at the best of times, but when the pandemic arrived Singapore-based Yeap Medical Supplies found itself with a lot more balls in the air.
Across Asia, businesses have had to rethink how they operate and develop new strategies in the wake of the Covid-19 pandemic, as shipping bottlenecks and supply chain disruptions upended established models of doing business.
Minimising inventory costs was the order of the day pre-pandemic, with companies often relying on “just-in-time” supply chains to provide goods when they were needed instead of stockpiling them.
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