What role can special economic zones play in making supply chains more resilient?
The just in time model has made supply chains extremely efficient and is reflective of globalizations spread of production to far flung places in the unrelenting drive for efficiency and cost reduction. However, supply chains are literally and figuratively not static — they move.
Supply chains are currently in crisis, not just stemming from the Covid-19 pandemic, which has made things worse, but also from changes in globalization itself that were occurring pre-pandemic.
Resilience has become the new buzz word these days and it has spread to supply chain circles as well. It is no longer just about Just in Time but also Just in Case.
A question then arises what role can special economic zones play in making supply chains more resilient? Additionally, what is resilience as a service?
Watch the video below and find out.
