JEFMS Journal

ABSTRACT:

During the ongoing crisis of corona pandemic, designing effective local sourcing programs supported by sound policies can make efficient and sustainable local supply chains for goods and services. Through their relationship with OEMs, local Suppliers shall get benefit of increased revenue, expansion in business operations, knowhow, technical and financial support resulting into sustainable growth of their businesses. The Corona pandemic poses a unique opportunity for India to fill the vacuum in global supply chain created due to negative global sentiments towards China and occupy significant pie in the global supply chain by getting its act together, thinking strategically and out of the box and implementing swiftly during and post corona. This study proposes a socio economic and technical framework to develop sustainable world class local supply chain ecosystem in India to come at the center stage of global supply chain.

KEYWORDS:

Local supply chains in India; Corona; sustainability; business continuity; global supply chain; artificial intelligence in supply chains

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