Mark George, North American lead for supply chain and operations strategy with Accenture, lays out seven steps that companies can take to repurpose their supply chains and demonstrate strong corporate values in the wake of the coronavirus pandemic.
Elon Musk restarted production at Tesla’s only U.S. car plant, flouting county officials who ordered the company to stay closed and openly acknowledging he was risking arrest for himself and his employees.
Supplier financial distress warnings have jumped 119% this year as regional lockdowns, plant closures and employee quarantines caused by the coronavirus pandemic have frozen cash flow and revenue for thousands of companies.
While some businesses have seen a sharp decline in demand, others have experienced drastic increases, and are in the process of adapting to changes throughout their supply chains. In either case, many need immediate support.