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

SCM102 - Assignment #1

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 to our global supply chains and how these have been affected. Here are two articles that talk about how we might expect to see some changes to purchasing and procurement strategies going forward.

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/

Using these articles as a starting point, you will need to do some research to answer the following questions for this assignment. Please include all references in APA format.

1. What are some ways that current supply chains have been disrupted? (5 marks)

2. Please explain the concept of near-shoring and how this could be a strategy going forward. (5 marks)

3. Based on your research, how could purchasing and procurement strategies be different post Covid-19. (5 marks)

4. In your opinion, will global supply chains be affected going forward or do you think this is just a temporary setback? (5 marks)