Who knew supply chain would become a common term throughout the world in early 2020? It certainly has gained a household name during the pandemic, and it continues to be of paramount importance as further supply chain disruptions occur. For example, clients dependent on oil, gas and commodity related products are certainly experiencing price increases with the Russia – Ukraine conflict.
Listen to my interview with Quality Digest to learn more.
One Tip to Implement This Week:
Although we all hope this war will get settled and peace will return, it has proven that the supply chain is something to pay attention to. Clients should be reevaluating suppliers, reshoring/ nearshoring, reviewing buffer stock / strategic stock levels, analyzing customer / product profitability, using advanced technological concepts such as 3D printing and predictive data analytics etc. We talk about these topic in my interview with Quality Digest.
Please keep us in the loop of your situation and how we can help your organization thrive during these times of volatility and disruption. There will be more winners created than at any other time than since emerging from the Great Depression. To gain additional ideas and insights on how to best navigate these volatile times and thrive, read our new eBook Thriving in 2022. Learning from Supply Chain Chaos. Download your complimentary copy.
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