• Europe is strongly dependent on international supply networks in most industries: pharmaceuticals, aerospace, automotive, electronics
• Liquidity. The crisis is affecting the availability of cash of all businesses, and might lead to generalized delays in payments and defaults
• Access to materials, components, parts and products. Most of international trade flows through ports. Although activity continues, volumes are diminishing
ELA would like to propose, to the EU institutions and to the SC professional family:
• To keep the global supply chains up and running, also considering the dependence on nonEuropean products in the health and pharmaceutical industry.
• To design and implement quick access to credit and other financial support reducing unnecessary bureaucracy as much as possible, supporting sick pay schemes, enabling deferred and discounted loans and subsidies to small and medium businesses. The aim must be to prevent bankruptcies and the loss of jobs ensuring that businesses remain solvent and able to trade; suspend European laws for fast payment, extend safeguarding procedures to freeze liabilities. Once we come to the end of this, we will need companies to be in a position to pick up where they left off, for that they will need to be solvent.
• Another consequence of the crisis might be a step back in environmental initiatives for the supply chain, since attention will be focused on business recovery. At European and local level, it is going to be necessary to support dissemination actions and policies that foster sustainability with the aim to recover the push for circular and collaborative economy.
• To consider and facilitate reshoring, in its different forms, as a mean to shorten supply chains and to reduce Supply Chain risk through multisourcing.
• Not just to plan for contingencies, but also to move one step further and to increase the preparedness by acquiring all necessary resources, training healthcare professionals and other first responders, including logistics service providers, to react to emergencies according to the plans.