The Coronavirus’ Effect on the Outsourcing & Offshoring Industry, Business and Industry Trends Analysis

Due to the Coronavirus, disruption occurred in many of the world’s major supply chains, from automotive components to building supplies to medical supplies.  This was particularly acute in automobile manufacturing and health care supplies. A very significant drop-off in demand for offshored apparel manufacturing occurred.  The apparel industry has been one of the hardest hit of all industries, and apparel firms ranging from apparel manufacturing through distribution and retailing were deeply affected.  This was caused by the closing of retail stores as well as a massive drop in consumer interest in shopping. A reduction in international trade and exports occurred,…

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