If the past year has shown us anything, it’s that disruptions occur when you least expect them. As the old adage says, crisis is a catalyst for positive change. The best companies worldwide have adopted new ways to find competitive advantages and drive profitability during the lockdowns and other disruptions; the rest have not.
The best have capitalized on trends sharping the global supply chain networks today; the rest failed to do so. Here at Industry Leaders Magazine, we thought it’s an opportune time to learn what happens next so companies can take to develop resilience and use the crisis as a catalyst for change.
Until 2020, supply chain management (SCM) was a function which largely operated in the background, receiving little recognition in either the media or our day-to-day lives. Our deliveries that largely arrive on time, and everything ran like clockwork, bar the occasional holidays. As it is said, ‘you don’t know what you’ve got till it’s gone’ seemed to be true in 2020. With countries around the world implementing measures to slow the spread of the novel coronavirus, from nationwide quarantines and social distancing measures, these measures exposed the biggest holes in SCM, causing huge delays and massive disruptions, which affected our daily lives.
The past can help inform our approach. While the global scale of the coronavirus crisis is unparalleled, many supply chain leaders across the globe – including Kearney and Crisp, Inc. – have a wealth of wisdom on adapting to the current crisis and beyond.
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