Date: 1 Jul, 2020
Supply Chain Challenges in the Post-COVID Era...
For supply-chain managers, 2020 has been the year of Murphy’s Law. Anything that could possibly go wrong, has gone wrong. At the start of the year, few of us imagined that we would be facing such unprecedented disruption on a global scale. Virtually overnight, nearly every aspect of our lives was turned upside-down.
Old Problems, Magnified
In most respects, the problems that have arisen as a result of the COVID crisis are not new. When demand shifts abruptly, value is usually lost somewhere along the way. You end up with excess inventory, or not enough. You miss opportunities to fill orders, resulting in lost revenue and lower customer satisfaction. The earlier that you have visibility to supply-chain issues, the sooner you can react, and the more value you can preserve in the process.
Some Bigger Questions
Supply-Chains, Made More Intelligent
For supply-chain managers, true end to end visibility in real-time, coupled with visibility to external events such as disruptions and weather incidents, provides a clear basis for sound decision-making. By adding an intelligence layer on top of that, smart business leaders can bring the spirit of continuous improvement to their supply chain execution.