A Global Imprint: COVID-19 and Its Effects on Our International Supply Chain
2020, Rethink. 2021, Reform.
Our global pandemic continues to overwhelm many businesses as it forces them to make “here and now” decisions. While taking a proactive approach is recommended, risk management would suggest having several backup plans. Supply chain disruptions are the new normal. Is your business worried about the continuously rising cost of freight? Concerned about supplier and mandated country shutdowns? Are you scanning for containers or frantically looking for shipping capacity? You’re not alone, and despite all of these historical disruptions, “the show must go on.” Companies that are absorbing this “new normal” transformation are succeeding. So, what exactly are businesses doing to adapt to these supply chain disruptions and travel restrictions? How are companies able to transform themselves during a time of crisis and alleviate these disruptions?
September 7, 2021
Recover. Review. Rectify.
An unpredictable global supply chain leaves vulnerable businesses fully exposed.
As teams scramble to revise their original game plan, it may or may not be enough to keep their heads above water. It takes every effort to protect your people, your customers, and your company. In doing so, it brings agility and flexibility. Disruptions are a daily occurrence and tend to change without warning. Businesses that take the time to evaluate all possible disruptive scenarios, formulate a strategy, and adapt continuously to reduce these global interferences.
Regardless if you’re leading a B2C (business to consumer) or B2B (business to business), no one is unscathed due to the global encompassing of this virus. Every company, in some regard, is feeling the effects of these obstructions, but ultimately it all comes down to who’s willing to move towards ingenuity and expand their business capabilities.