The COVID-19 crisis has highlighted just how quickly and how easily unexpected events can disrupt supply chains. In a world where the trend in recent years has been for supply chains to operate on an increasingly large-scale, ‘just in time’ basis, with minimal ‘buffer room’ for error, the disruptive effects of COVID-19 have been felt widely.
In this video Cathy Wall discusses some of the practical steps that businesses can take to reduce the risk of future supply chain disruption. Whilst it is impossible to anticipate all the risks that businesses might face in the future, conducting proper contingency planning is one of the key actions a business can take to mitigate the scope of any resulting damage. Ultimately, this could determine its potential survival.
You can read the full paper "Supply Chains – Contingency Planning for Future Disruptions" here.
