With the coronavirus pandemic and its lingering effects, companies have now experienced how challenging it can be to plan and maneuver their supply chains around uniquely disruptive, once-in-a-lifetime events. But the unfortunate truth is that less severe events overwhelm or undermine supply planning all the time. Legacy tools are no longer up to the task of getting supply where it is needed most.
The coronavirus pandemic has had a huge impact on global risk-management strategies. Many companies learned in 2020 that their supply chains weren’t prepared for a disruption of such massive scale. Now, they’re determined not to get caught short again.
Shortages in supply and disruptions in the logistics chain are a tale as old as time. And while there are few precedents in this period of uncertainty, the basics remain the same: By adopting guidance that pacesetters use to navigate other forms of disruption, you can confidently lead your supply chain through change, now and in the future.