10 important supply chain lessons from the pandemic! (Video)

The coronavirus pandemic continues to wreak havoc around the world. In some places the pandemic has been brought under control and life is returning to a new normal. In many other cases, however, the pandemic is spreading aggressively and even experiencing a devastating resurgence, particularly in the United States.

While the initial shock of the pandemic is largely behind us, the impact and impact of this will be felt for years to come. The challenge will be whether we remember what we’ve been through and learn from the lessons we’ve all been through, or whether we forget and become complacent.

In this article, we share our video with the top 10 supply chain lessons we need to learn and improve through our future strategies and actions.

Regardless of the company, industry, government, or country, the coronavirus pandemic has exposed tremendous flaws in our global supply chains. As people everywhere scramble to restore supply lines, logistics operations and continuity of supply, the long-term disruptions in these supply chains must be addressed.

There will be future disasters of various kinds and in all probability another pandemic. Unless we act now, as the lessons of the coronavirus pandemic show, history will repeat itself.

In our latest video, we discuss the lessons we need to learn. These lessons must inspire action plans, strategies, investments and actionable projects to ensure our supply chains are more robust and resilient in the future.

These are the critical supply chain lessons we discuss in our latest video:

  1. The importance of talent in the supply chain
  2. Design in supply chain flexibility
  3. Take total cost of ownership seriously
  4. Mission critical and strategic inventory positioning
  5. Disaster planning taken seriously
  6. Comprehensive end-to-end supply chain mapping
  7. Design your supply chain for responsiveness
  8. Don’t overlook the role of reverse logistics
  9. Real-time risk management governance
  10. You need to invest in digital supply chain technologies
Originally published August 4, 2020.

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