The year 2020 has had unprecedented challenges. Supply chain processes that were running smoothly and effectively just months ago, now require re-engineering.
Supply chain operators will face new and far-reaching decision making challenges. Those who are unprepared to make these decisions based on data will be challenged to even survive; those armed with critical visibility and insight to make fact-based real-time decisions will thrive in this new environment.In context of this digital-led supply chain transformation in the new normal, the five ‘pro tips’ in this handbook from industry experts can aid your supply chain transition and enable you to make prompt, yet productive decisions.
Supply chain practitioners are always looking to rationalize on top of reducing risks. The Covid-19 outbreak has exposed this idea to new challenges, and this is not temporary as disruptions are increasing in frequency and magnitude.
The new normal is disruptive (not in a good way). The new supply chain to tackle this will be digital-driven.
The year 2020 has had unprecedented challenges. Covid-19 threatens to wipe out the result of years of hard work put into supply chain planning. This pandemic has taught us a hard lesson: keeping our supply chain safe is as important as keeping it lean.
Supply chain processes that were running smoothly and effectively just months ago, now require reengineering.
Companies with digitized supply chains have navigated the disruptions better than those that were not equipped with digital tools in the past few months.
The biggest challenge during a crisis is the high level of uncertainty. Although we don’t have a precise idea as to what is in store for us, we do know that this uncertainty may last for some time, and we will have to learn to thrive with it beyond survival.
If “surviving” was successfully achieved during the Covid-19 crisis, success in the new normal for that company will be about “thriving.”
“Advanced analytics can improve supply forecast accuracy by 20% to 60%,” write Bain & Company consultants Olaf Schatteman, Drew Woodhouse and Joe Terino.
Supply chain operators will face new and far-reaching decision making challenges.
Those who are unprepared to make these decisions based on data will be challenged to even survive; those armed with critical visibility and insight to make fact-based real-time decisions will thrive in this new environment.
In context of this digital-led supply chain transformation in the new normal, the five ‘pro tips’ in this handbook from industry experts can aid your supply chain transition and enable you to make prompt, yet productive decisions.
The Covid-19 outbreak has exposed supply chains to a new reality which many expect to acknowledge – at least to a certain extent – into a new normal. Hence, overcoming the pandemic-caused challenges is probably not the end. Uncertainty and change will prevail. The impact of the Covid-19 situation can be seen in multiple areas.
Today’s decisions will have long-term ramifications on the performance of your supply chain, and, thereby the success of your business.
Reducing risk, ensuring quality requirements, and minimizing logistics costs, is the day-to-day balancing act for most supply chain practitioners.
A supply chain that is too resilient leads to prohibitive cost levels, while one that is too lean adds a high level of vulnerability.
A resilient supply chain is one that has the ability to resist disruptions as well as recover from the operational anomalies that the disruptions generate — such asnot just supply shocks and demand shocks, but also, aftershocks. Covid-19 has provided supply and demand shocks simultaneously and its consequences will linger for some time.
Two capabilities can be considered foundational to resiliency...Read More
This comprehensive handbook is based on true industry experiences and addresses some of the potential challenges your supply chain may face today, soon, or a bit farther down the road in the new normal.
The economic implications of the Covid-19 pandemic are probably going to linger around for months, and some may even stay with us forever. But if addressed thoughtfully, we can overcome many of the new challenges, maybe even easier than we expect. Considering the high level of uncertainty, we also believe that timely reengineering of the chains is paramount.
These five tips will help you successfully navigate in the short and the long run by making the timely, accurate decisions. Read more
Supply chains have always been uncertain. The impact of administrative decisions following the COVID-19 outbreak have unveiled limitations and increased risk along the supply chains, as most of these decisions pertain to the unknown.
If you have survived the pandemic however, your supply chain is resilient, and the opportunity to thrive is now to make the best of the new normal through smart decisions.
These five pro-tips collected from our experience are compiled as the priority areas to enable you to better navigate a supply chain in the new normal, make the right decision, and position you for success.
If these tips are implemented with the assistance of accurate, actionable data, you will notice success just like supply chain professionals from global companies like Mondelez and Lenovo are experiencing. Read more