Risk Management, Enhanced Communication Needed in Post-Pandemic Environment
Thursday, June 18, 2020
COVID-19 has significantly altered the landscape for businesses globally that will reverberate well beyond and into the future. Manufacturing and supply chain decisions for corporations have had to make adaptations due to the massive disruption from this pandemic. Understanding and implementing the new norms will be quintessential to success in this environment.
Cost-driven decisions have stranded and left companies vulnerable due to a lack of redundancy in manufacturing. Going forward, adapting a strategy that has supply chain alternatives and enhanced protocol for these facilities will be paramount for implementation. Creating a safe environment that allows employees access to counseling, as well as defined protocols for physical distancing and increased protective measures, will be the new norm.