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Local Markets can help Supply chains to increase profitability

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The Corona pandemic has disrupted the supply of goods and services in the world. Most of the countries are facing numerous problems due to the COVID spread. It has negatively affected business and global trade. As the virus is spreading rapidly, countries have stopped everyday businesses and have locked down the country. Yet, there is high pressure on the government to control the spread of the virus. The governments have invested a huge amount of money in the healthcare sector for the cure and also have to provide basic needs to the entire population. As businesses are stopped and the economy has frozen, this is putting a strain on the economy and that too when the world economy is in recession. Modern-day are capable of solving such problems effectively and efficiently. The modern-day supply chains are designed in such a way that they can handle such disruptions and solved complex problems very effectively. Today’s supply chains have two main ...