CLAREMONT, CA— Ongoing supply chain volatility and disruption are creating major challenges for manufacturers, distributors, construction firms and retail groups. The strength of your customer and supplier partnerships is critical to successfully weathering the storm and thriving with high levels of disruption, according to The Society for the Advancement of Consulting® (SAC) Supply Chain SIG. Proactive prioritization and allocation of products and services will create customer loyalty and enable profitable growth.
“The COVID-19 pandemic has taught organizations how to conquer any global supply chain disruption,” says Art Koch, President of Arthur Koch Management Consulting, LLC, based in Miami, FL. “As the world exits the COVID-19 pandemic, we encounter localized hot spots that disrupt supply chains.
“Diligent, insightful supply chain leaders are transforming their supply chains to be more flexible, responsive, and predictable,” Koch notes. “It’s all about increasing supply chain velocity with reduced lead-times by near-shoring, on-shoring, and in-sourcing. An additional strategy is to partner with suppliers that have dual manufacturing capabilities. These tactics give supply chains added resilience during global, regionalized, or localized disruption. Hence, greater flexibility and responsiveness.”Read article