Rethinking Supply Chain Dynamics and Formal Relational Contracts

COVID-19 has forced businesses to confront unique challenges that will require creative solutions that go beyond the usual us-versus-them hardball legal negotiations. One such challenge is the disruption to the supply chain caused by the pandemic.

This recent article from the Harvard Business Review describes a novel contractual approach to supply chain relationships that aims to ensure that those relationships remain strong even amidst the obstacles facing both sides. Adopting this approach (and involving your lawyers in the strategy) can set businesses up for continued success in a post-pandemic world.

For pre-pandemic discussion of the topic, review this October 2019 article from the Harvard Business Review.