The Decreasing Demand and the Increasing Challenges for Manufacturing Sector
The COVID-19 pandemic has struck many sectors of the manufacturing process directly (Norouzi & Zarazua 2020). Cai & Lou (2020) argue that this is an opportunity to understand and better evaluate the ongoing issues facing the manufacturing sector. Doing this by assessing and evaluating the impact ofthe increase in challenge and the decrease in demand, aids the overall supply chain to remain viable in the long term. This paper assesses the strengths and weaknesses found in the manufacturing sector with a focus on illustrating the best way forward when facing a global pandemic.The current trade situation across the world is dwindled due to the pandemic situation (Cai & Lou 2020). This condition has led to the massive disruption in the global supply chain and has also shown the disadvantage of relying on a single region for most of the business needs. Organizations across the world are now aiming to move their businesses out of China to reduce their reliance on the country. The manufacturing industry is struggling with issues like hampered raw material supply, unstable raw material prices, and decreasing sales (Cai & Luo, 2020; Ozili & Arun 2020). The most negatively influenced industry incurrent times is the manufacturing industry, which has significantly reduced operations
McGovern, R. (2022). The Current Impact on Manufacturing Sector and How to Deal with It. Afribary. Retrieved from https://tracking.afribary.com/works/finalpaper10-11-1
McGovern, Rachel "The Current Impact on Manufacturing Sector and How to Deal with It" Afribary. Afribary, 01 Sep. 2022, https://tracking.afribary.com/works/finalpaper10-11-1. Accessed 09 Nov. 2024.
McGovern, Rachel . "The Current Impact on Manufacturing Sector and How to Deal with It". Afribary, Afribary, 01 Sep. 2022. Web. 09 Nov. 2024. < https://tracking.afribary.com/works/finalpaper10-11-1 >.
McGovern, Rachel . "The Current Impact on Manufacturing Sector and How to Deal with It" Afribary (2022). Accessed November 09, 2024. https://tracking.afribary.com/works/finalpaper10-11-1