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The new operational imperative: Why your supply chain will never be the same again

15/09/2020


woman climbing a canyon

It would be an understatement to say the COVID-19-induced shutdowns and slowdowns have changed the way leaders think about their operations and supply chains. It would also be misleading to think this is a unique or short-term event. For many industries, supply chain reliability has been challenged for the past decade due to a variety of geo-political, economic, and environmental forces.

In fact, many companies have been reconsidering the design and location of their supply chains for the last 10 years or so. A variety of American companies such as Apple, Caterpillar, Whirlpool, and Merck & Co. have already reshored parts of their supply chains back to the U.S. for a variety of business reasons. This might be just the tip of the iceberg.

In these difficult and uncertain times, prudent companies will want to refashion their operational and supply chain strategies to cope with disruptions and minimize cost. The CEO and COO’s imperative should be on increasing enterprise resilience and adaptability – and ultimately creating a platform for renewed, profitable growth. Fortunately, leaders have a variety of strategic choices available, five of which are summarized in our latest whitepaper.

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