Purchasing and Procurement Strategies - Will these change after COVID-19?

COVID-19 has been a global pandemic that has temporarily changed all aspects of our lives. Everything from our daily activities, to how we work or study, to how we buy the things we need, and much more. We have also seen severe impacts on our global supply chains and how these have been affected. Here are two articles that discuss how we might expect to see changes to purchasing and procurement strategies going forward.

Include references.

https://www.plasticstoday.com/covid-19/auto-industry-post-covid-19-era-shorter-supply-chains-and-more-local-procurement/74447000963173

https://www.cips.org/supply-management/opinion/2020/may/future-sourcing-strategies-to-repair-clothing-supply-chains/

https://www.imd.org/ibyimd/supply-chain/the-end-of-made-in-china-five-ways-to-cut-supply-chain-risks/

1. What are some ways that current supply chains have been disrupted?

2. Please explain the concept of near-shoring and how this could be a strategy going forward.

3. Based on your research, how could purchasing and procurement strategies differ post Covid-19?

4. In your opinion, will global supply chains be affected going forward, or do you think this is just a temporary setback?