Page 16 - TurkinsuranceDigitalMagazine

14 cover story

It is estimated that self-imposed hibernation method may be used chains include ensuring cash flow, liquidity and working capital
as a significant crisis management tool in the coming period, management. According to the report, medium and long-term
while managers are recommended to prepare themselves and actions for supply chains include investment in technological in-
their companies for that period. frastructure, managing supply chain risks, improving suppliers
and creating micro supply-chains.
Importance of supply chain management has once again been
underlined during the COVID-19 pandemic. The report lists the Changes expected in investment climate
supply chain problems experienced during these challenging
times as supply & demand shocks and stock management, ac- Investment climate was also impacted by the pandemic. It is es-
cess to raw materials and logistics, supplier visibility, increase in timated that devastating impacts of the pandemic on the invest-
production costs and labor-force issues. Precautions for supply
ment climate in some markets will take long. In this respect,