Leadership in the Face of COVID-19

Short Term: As a manufacture, what can be done now?

• Leadership.
• Establish a triage team to manage the crisis.
• Be proactive.
• Don’t waste the opportunity: A Crisis or Recession is a Terrible thing to Waste.

Long Term:

What lessons can we learn?

• Focus on long-term and not quarterly profits.
• Don’t ignore the warning signs.
• Avoid group think. Just because other organizations are “doing it” does not mean it’s a good idea. As the guardian of an enterprise, there is a requirement to think beyond the current frame of focus.
• We need to think regionally.
• Focus on inventory velocity, part and process quality, and become a zealot for total cost of ownership.
• Software providers have done an excellent job of “selling” integrated supply chain solutions. However, how integrated can your enterprise be with 90 to 120 days of total pipe line inventory?
• Manufacture products regionally for regional customers.
• The stewardship of low-cost country sourcing.
• Imagine customer loyalty when your enterprise keeps products and services flowing when others can’t?