• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • Login
  • Subscribe
  • Logout
  • My Profile

  • CORONAVIRUS
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • REGIONS
    • Asia Pacific
    • Canada
    • China
    • Europe
    • Latin America
    • Middle East/Africa
    • North America
  • THINK TANK
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » What to Do When Recovery Hits - And If It Doesn't

What to Do When Recovery Hits - And If It Doesn't

January 18, 2010
SupplyChainBrain

For companies struggling to survive, it can be difficult to look past the current economic crisis. But it's essential that corporate leaders prepare themselves for the inevitable rebound, Caltagirone says.

The first step is to examine the company's internal resources, particularly the abilities of its present workforce. Some skills might have been lost due to layoffs. Regaining them can be a major challenge.

It's equally important to look outside the organization and assess the state of its suppliers. They, too, need to be ready to ramp up production when demand surges.

Recovering from the slump won't be easy. Caltagirone cites several reasons why the current crisis might be worse than previous recessions, especially that of the early 1980s. One is the issue of oil. Twenty years ago, he says, world production was ahead of demand. "Today, we're way behind the times in terms of consumption versus demand, and countries like China and India are gobbling up the energy."

Another key difference is China's present-day position as a global player, with far more power than it had in previous downturns. The status of banks has changed as well. In the 1980s, Caltagirone says, "they were a lot smaller. There were fewer problems in getting them back up." Today, some of the biggest banks are requiring billions of dollars of bailout money in order to get back on their feet. Throw in the dire plight of the housing sector, and you have a recession that is far deeper and more serious than those of past years.

Caltagirone believes that consumer-goods producers - cosmetics, apparel, pharmaceuticals, food and beverage and the like - will be the first sector to bounce back. They'll be followed by the automotive, housing and materials manufacturing industries. Finally, capital equipment will recover, breathing new life into aerospace, shipping and construction.

Companies that prepare now for recovery "are going to be able to distance themselves from the competition," he says. "The rest are going to lose customers because they can't meet demand."

To view this video interview in its entirety, Click Here.

RELATED CONTENT

RELATED VIDEOS

Global Supply Chain Management HR & Labor Management Aerospace & Defense Apparel Automotive Consumer Packaged Goods Food & Beverage High-Tech/Electronics Industrial Manufacturing Pharmaceutical/Biotech Retail China
KEYWORDS Aerospace & Defense Apparel Automotive China consumer packaged goods Food and Beverage Global Supply Chain Management High-Tech/Electronics HR & Labor Management Industrial Manufacturing Pharmaceutical/Biotech Retail Supply Chain Analysis & Consulting
  • Related Articles

    What to Do When the Recovery Hits - And If It Doesn't

    What to Do When Your Human-Resources Management Software Vendor Is Bought Out?

    Here's Why the U.S. Has Lost Competitiveness for Decades - and What We Can Do About It

  • Related Events

    How Every Shipper Can Benefit from Modern Drop-and-Hook: Four ways to get nationwide, flexible, and quality drop capacity with unparalleled visibility

SupplyChainBrain

100 Great Supply Chain Partners Issue 2009

More from this author

Wake up to Coronavirus Updates and the latest Supply Chain News!

Subscribe to our Daily Newsletter

Timely, incisive articles delivered directly to your inbox.

Popular Stories

  • Coronavirus-watch-Armada

    Virus Update: Biden Unveils National Strategy; Pfizer Says It’s Willing to Sell Vaccine to States

    Coronavirus
  • Car Industry

    A Year of Poor Planning Led to Carmakers’ Massive Chip Shortage

    Technology
  • Can Employers Require Employees to Get the COVID-19 Vaccine? Part 1

    Watch: Can Employers Require Employees to Get the COVID-19 Vaccine? Part 1

    Coronavirus
  • U.S. Vaccine Rollout Hindered by Faulty Coordination, Messaging

    WHO Fumes at Western Drugmakers As China Fills Vaccine Void

    Coronavirus
  • COVID-19 Vaccine

    Vaccine Disparities Raise Alarm as COVID-19 Variants Multiply

    Coronavirus

Digital Edition

Scb home issue 27

2020 Supply Chain Innovator of the Year

VIEW THE LATEST ISSUE

Case Studies

  • LSP Saves Customer $1.5 Million a Year With MPO Global Inbound Management

  • Auto Supplier Wows Key Client Using riskmethods Supply Chain Savvy

  • Integrating Shipping and Compliance Saves Conglomerate Millions

  • How a Consumer Goods Giant Upped Its On-Time Delivery Performance

  • LSP Wows Global Client, Quickly Advances to Become End-to-End Provider

Visit Our Sponsors

6 River Systems ArcBest Armada
aThingz BluJay Burris Logistics
DSC Logistics DCSA (Digital Container Shipping Association) DHL Resilience360
Genpact GEP Honeywell Intelligrated
Infor Logility Magnitude Software
MPO Old Dominion Oliver Wight
OpenSky Ports America Purolator
QAD Precision Red Classic Riskmethods
TGW Systems Transportation Insights Watson Land Company
Westfalia Technologies Workjam Yang Ming
  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • Webinars
  • Digital Offerings
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • Newsletters
  • Resources
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
    • 100 Great Partners Form
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us
    • Data Sharing Opt-Out

All content copyright © 2016 - 2018 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing