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Emerging Markets Will Get ‘Hammered’ in Downturn Eclipsing Great Recession: IHS

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

The recession being caused by the COVID-19 pandemic is now forecast to be deeper than that of the Great Recession of 2008-2009, according to a new report from IHS Markit. Most economies won’t return to pre-pandemic levels of output for two to three years, Nariman Behravesh, chief economist at IHS Markit, and Elisabeth Waelbroeck-Rocha, chief international…

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