Bloomberg Law
May 18, 2020, 8:56 AM

ANALYSIS: Of Supply Chains, Contracts & Businesses That Pivot

Diane Holt
Diane Holt
Legal Analyst

Today’s pandemic economy reflects an abrupt drop in worldwide demand, as individuals move less, work less, and purchase less. In the United States, a fractured supply chain struggles to provide goods and services to immobilized regional markets. What do businesses need to come out safely on the other side? And what contract terms will provide the flexibility they need to see it through?

Where Are We Now?

David Simchi-Levi, professor of engineering systems at Massachusetts Institute of Technology, posits three recovery scenarios.

Pessimistic: No vaccine or cure for Covid-19 for a long time, causing continued requirements ...

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