The shutdowns resulting from COVID-19 are not just temporary and as the economy is relaunched, it is vital that companies seek to build back better and, in doing so, help society overcome the existential threats of climate change and nature loss.
These include remote teleworking and socializing, near-shoring, and a new mantra of “make where you sell,” which places a new value on localized supply chains and includes a rise in 3D printing and automated manufacturing.
COVID-19 has added a new meaning to the term track and trace, a concept that could be applied to what we produce and consume, which might provide a better road map for conservation and sustainable supply chains. The technology exists; it could be used to increase transparency and efficiency, but we will need to be on the front foot to manage social consequences.
Read the article at strategy+business.
