Supply chains have shifted greatly since the outbreak began. Some of your established supply chains have remained and may also offer more than what they did previously while others may not exist either as they did previously or at all.
Here are some considerations for reestablishing your supply chains to create customer demand and allow for transparency
- Validate realistic demand with customers to meet expectations
- Map end-to-end inventory to monitor lead times and identify potential disruptions
- Predict capacity, logistics, and supply availability
Immediate Actions (1 – 4 Weeks)
- Understand Exposure:
- Estimate how demand changes across customers
- Determine how supply will be impacted
- Understand Key Risks
- Evaluate New Supply Sources:
- Identify alternative sources
- Revise production plans
- Understand current supply chain logistics
- Collaborate to jointly leverage freight capacity
- Protect Employees and Suppliers:
- Source PPE for production lines
- Engage crisis communication teams
- Effectively communicate infection concerns to employees
Mid-term Actions (4 – 12 Weeks)
- Continuously Improve Material Supply Stability:
- Evaluate alternative sourcing for impacted materials
- Provide support for smaller suppliers
- Design Resilient Supply Chain for the Future
- Digitize process and tools to integrate demand, supply, and capacity planning
- Develop Systems to safeguard supply chain
- Address vulnerabilities
- Build Collaborative Relationships with External Partners:
- Engage stakeholders to build transparency
- Work with government entities to ramp up as quickly as possible.
