Major Supply Chain Disruptions Require Responsive Technology: COVID and Beyond
Summary
“Moving to this supplier to Asia will decrease components costs, but how will shipping, tariffs, and lead time be affected?” Now, we can all add a global pandemic to the list. Making supplies used by medical responders, their challenge has been dealing with a sudden surge in demand (while repurposing related production lines to produce crisis-related materials). Another client, involved in the supply chain for restaurants and other foodservice establishments, has been dealing with a dramatic collapse in demand. They’re adapting too, but their challenges look very different: rapidly pivoting to new markets like home food delivery and developing a web-based ordering process. Companies simply haven’t needed to invest in robust supply chain management capabilities, often relying on traditional practices like a set, rotating manufacturing schedule.
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