March 24, 2020 11:30AM ET

These 5 Actions Could Separate Fashion’s COVID-19 Survivors from its Casualties, McKinsey Says

As firms think about their global supply chains, McKinsey IDs 5 stages for action as firms navigate the coronavirus, or COVID-19. — Both companies and their global supply chains have to navigate through five stages to get past the impact from COVID-19.

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If fashion companies don’t take certain actions now to navigate the impacts of COVID-19, they’ll be in for an even more challenged future. The coronavirus pandemic has quickly revealed inadequacies in the current operating model ad the apparel sector is getting a crash course in necessary shifts and prevention to navigate the next crisis. The…

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