Supply chains should take advantage of being in the eye of the storm, a moment of calm before the winds pick back up.
When the pandemic first hit, it brought an onslaught of crises — supplier shutdowns, wild demand swings, transport interruptions — all while supply chain executives ran war rooms virtually, on spreadsheets, perhaps from a spare bedroom.
Supply chain leaders are accustomed to managing disruption. Running scenario drills and creating backup plans in the event of weather-related catastrophes, labor stoppages, tariff barriers and other challenges is part of the DNA. But facing Covid-19 has been beyond our experience or imagination.
Currently, it may feel like things are slowly coming back under control, and teams have adjusted to the “new normal.” Just a couple more months and everything will be fine, right?
Wrong. Until supply chains restabilize, which will likely take years, the muscle memory that our networks have relied on to anticipate and resolve problems between different nodes of our supply chains is gone.
Now is the time for organizations to prepare for the next phase. This period is like the eye of the storm, a temporary moment of calm where savvy supply chain leaders are rebalancing their organization’s skill sets for the “next normal,” before the winds pick back up.
Over the past five years, the supply chain industry has literally spent billions of dollars on planning capability. The next five years will be all about investing in execution to manage and eliminate disruption, and focus should be on incident management, operational agility and peak-season readiness.
For the full story, please click HERE
Source: Supply Chain Dive