Become a proactive organization instead of a reactive one. Take these four actions to prepare your supply chain for economic recession.
With both federal and state social distancing mandates in place, consumers aren’t currently able to shop at brick-and-mortar stores, so if small businesses are going to survive the COVID-19 pandemic, they’re going to have to adapt and sell their products online.
Supply chain leaders must take steps to prepare for black swan events to endure them, stay ahead of the competition, and be more even more prepared for future supply chain disruption.
Automotive suppliers that avoided potholes during the last major recession did so by purposefully making early adjustments to their operations, even with limited data, so consider these 10 ideas to optimize your near-term cash flow to remain profitable during uncertain economic times.
In our connected global economy, supply chain disruptions like economic downturns, geopolitical shifts and health pandemics have an immediate impact on our businesses’ day-to-day operations. Follow these 7 supply chain risk management best practices to navigate the current coronavirus pandemic and mitigate future supply disruption.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.