Smart SCM post COVID-19

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COVID-19 has fundamentally changed how the global automotive industry, especially the aftermarket communities, conduct their businesses, including the management of supply chains.

COVID-19 has also brought about wider adoptions of many new business practices in cross-border supply chain management, which are made possible by faster and wider adoption of digitalization technologies such as: cloud-based computing, easy-to-use video conferencing, improved communication network and devices, and the promise of revolutionary 5G technology.

The profound impact of the coronavirus pandemic has already transformed the traditional supply chain management across the border into an upgraded business model, a Smart SCM post COVID-19.

The Smart SCM post COVID-19 helps address the specific challenges to the international buyers who are no longer able or willing to travel overseas for their procurement operations, such as:

● How to identify and pre-qualify new suppliers

● How to inspect and audit suppliers

● How to manage QCs such as pre-shipment inspections

With the Smart SCM post COVID-19, business in Europe and the US are still buying from suppliers overseas such as China, and many operations of cross-border SCM are still based on the traditional on-the-ground activities. But the whole process is now supplemented by both the technologies which enable remote and real-time buyer participations and the third-party service providers who are working locally in China and overseas, so that although international buyers are not coming to China personally to meet the sellers face to face, cross-border purchases can still be conducted remotely, effectively, smoothly, and safely.