Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
The Coronavirus pandemic impacts many parts of the economy including logistics and supply chain.
We’ll see changes in the following ways:
The need for flexible manufacturing come to the forefront in the Coronavirus pandemic in the form of ventilators, COVID-19 tests, and medical supplies.
Traditional manufacturing will be replaced by faster, more flexible systems with an emphasis on technology, rather than low-cost labor.
Technologies such as 3D printing, robotics, automation, and advanced manufacturing will take precedence in the event labor goes under lock down.
Amazon is an example of an advanced manufacturer relying on ecommerce, cloud-based computing and sophisticated supply chain logistics.
The post-Coronavirus world will want the ability to run standalone. Robotics, AI, and automation will be seen as a positive force for achieving that.
Logistics are shifting to serve the customer all the way to their home rather than through intermediate distribution points such as grocery stores and C-stores.
As with most trends in the Coronavirus economy, these were already underway. It now accelerates.
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