Despite all the efforts to steer the supply chain through the pandemic’s choppy waters, new threats are on the way. As we move closer to a post-corona virus environment, markets will face new challenges as we move toward a new standard that will impact markets and consumers all around the world.
The magnitude and complexity of the problem confronting today’s global and increasingly complex supply chain networks is unprecedented. However, it’s important to remember that there won’t be a straight, readily discernible distinction between “pandemic” and “normal.” And the path to get there would be anything but linear.
Here are the steps to cope up with supply chain disruptions in the new normal:-
- Model, simulate, and compare the supply chains across regions, from procurement to processing to distribution.
- Use live data streams to get the most up-to-date information. Aside from demand, carrier availability and pricing may vary on a daily or weekly basis.
- Execute fast scenario analysis to evaluate various demand and supply alternatives.
- Evaluate the cost-effectiveness of supply chain stability in terms of risk management.
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