ANALYSIS: Need for Supply Contract Changes Triggered by Covid-19

As 2020 comes to a close, supply chain management has become a topic of keen interest in boardrooms and the C-suite. Concerns about the fragility of the supply chain are giving way to new approaches, including new technology, exploration of local markets, and diversified reliance on foreign sources. As a consequence, lawyers have been strategizing to reshape key contractual relationships.

For decades, physical supply chain management has been based on low-cost supply and minimal inventory, a strategy that has benefited both the consuming public and global manufacturers. But in response to the disruptions occasioned by Covid-19, climate change, ...