Impact of Coronavirus on FMCG Supply Chains and a Way Forward

Abstract

Coronavirus has become a “black swan event” which has forced many firms and entire industries to rethink and realign their global supply chain models. The swelling number of positive cases has put people, ecosystems, and supply chains at risk. Knowing the characteristics of this virus, and the global movement of people, containment is extremely difficult. However, one thing is for certain—it will have global economic and financial consequences that will be felt through global supply chains, from raw materials to finished products. This research paper deals with the impact of coronavirus on the FMCG supply chain. It would provide an initial framework to assess the impact on the business process and suggest some strategies to be more resilient in the future to these pandemic-like situations. In the end, few process automation steps are suggested to counter the gaps from the research.