3 Tips for Withstanding Future Supply Chain Disruptions
In May 2021, the Centers for Disease Control and Prevention (CDC) surprised the U.S. by announcing that masks were no longer required for people who are fully vaccinated against Covid-19. It created a massive disruption in the world’s supply chain as businesses suddenly reopened.
When it comes to improving your supply chain process, manufacturing and distribution companies should consider the following:
Assessment and Strategy
Covid-19 was the ultimate stress test for your supply chain. Use that information to make changes to allow for more control in the event of future issues and supply chain disruptions.
Procedures and Crisis Management
Outline future procedures for major events or disruptions in the supply chain. Examples could be future global events, such as a natural disaster or vendors impacted by cyberattacks.
IT and Automation
Update your IT tools to enable better forecasting and prepare for supply chain disruptions. Conduct ongoing review of systems and cybersecurity.
By Mark Henry
Partner and Co-Leader of the Manufacturing and Distribution Practice, Citrin Cooperman