Global supply chains are set for a major overhaul as the COVID-19 crisis has exposed the vulnerability of countries and companies in the collagen market that rely heavily on the limited number of trading partners. Hence, manufacturers in the collagen market are bolstering their local production capabilities to reduce dependence on other countries for raw materials and other products. Several multinational companies (MNCs) have already started re-evaluating their supply chains, and are in the process of shuffling their supply chains to reduce concentration in a handful of countries. The market is likely to witness a surge in prices for raw materials due to its limited availability, which may ultimately increase final pricing of collagen-based products.
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