3 Fundamentals for Building a Resilient Supply Chain
Wednesday, May 13, 2020
The global health crisis has exposed widespread vulnerabilities in supply chains. Although toilet paper shortages have become the most talked-about issue, long-term demand and supply shock ripples caused by this crisis will likely be felt for much longer as production delays at impacted sites, material shortages and scarcity of logistics come to light.
It’s no surprise that many companies have relied on old habits to navigate out of the crisis. But solely relying on comfortable tools like spreadsheets, emails and conference calls can add undue delay to a team’s ability to resolve issues at a time when speed is critically important. Organizations have to accept that "crisis mode" is going to be the new normal, and there’s no duct-taping their way out of this.