Art Koch’s Profit Chain® Tips
Wuhan’s Butterfly Effect on Supply Chains
Volume 4 | Number 8 | August 2021
It’s quickly approaching two years, November 2019, when the COVID-19 was circulating in the area of Wuhan, China infecting the first cluster of humans. Since the first reported outbreak of COVID-19, a lot has happed around the world. However, that first cough or sneeze is likely the cause of the current global supply chain disruptions.
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Art Koch’s Profit Chain® Tips
Wuhan’s Butterfly Effect on Supply Chains
Volume 4 | Number 8 | August 2021
It’s quickly approaching two years, November 2019, when the COVID-19 was circulating in the area of Wuhan, China infecting the first cluster of humans. Since the first reported outbreak of COVID-19, a lot has happed around the world. However, that first cough or sneeze is likely the cause of the current global supply chain disruptions.
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By the spring of this year, Americans were optimistic about returning to everyday life after more than a year of shutdowns from the Covid-19 pandemic. Instead, the Covid-19 virus threw us a curve mutating into a more virulent but less deadly Delta variant.
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Art Koch’s Profit Chain® Series
Volume 4 | Number 7 | August 2021
A colleague recently joined a new company as their CEO. During the first few weeks on the job and working through the due diligence of the current situation, there was a quick realization of the current state of disruptions engulfing their worldwide supply chains and the potential impact on current profits.
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Most of my advisory work involves helping outline, reviewing or critiquing project plans, of one sort or another.
I routinely nudge or push the team to go faster, to be quicker, and to “Fail Fast…Learn Fast…Fix Fast…!
Too often people seek Perfection in what they do, and it is NOT attainable. This pursuit delays fixing critical processes that will increase customer loyalty, corporate culture and profits.
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February has been a terrific month, once again jam-packed, however, lots of fun and energizing!
February has been a terrific month, once again jam-packed, however, lots of fun and energizing!
A past client re-engaged with me. We implemented ToolsGroup SO99+ last year, right before COVID hit the US. They went through customers canceling and pushing out orders and now are experiencing the full bullwhip effect of the pent-up demand within the supply chain.
I’ve also helped another client reposition their supply base and implement best practices for future supplier partnerships. Something they wished had started years ago.
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Art Koch’s Profit Chain® Series
Volume 1 | Number 2 | February 2021
I’m not telling you that any of our team members or I got COVID. My argument here is that the business got COVID.
More and more, I’m discussing the current situation with my client’s leadership and witnessing the long-term effects of having their team members working remotely.
Before the pandemic, businesses were functioning relatively well. They had daily visual management meetings where opportunities received rapid responses from highly engaged associates, and issues could be swiftly escalated when necessary.
During the last few weeks, I re-engaged with a past client. Speaking with three of their leadership team members, they voiced the same concerns and comments as my other clients, that COVID remote work is negatively impacting their productivity and teamwork.
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Art Koch’s Profit Chain® Series
Volume 3 | Number 12 | December 2020
With any significant event, crisis, or seismic economic shift, there will always be the opportunity for agile enterprises to fill the void the disruption creates.
The COVID pandemic drastically hastened the retreat from globalization, and depending on the survey, 67% to 84% of North American executives say they are increasing reshoring initiatives. The withdrawal from globalization creates opportunities for enterprises that can work quickly and have a depth of expertise to seize the moment.
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Hi Team Art!
November has been a hectic month. My current clients have been keeping be busy COVID related supply chain opportunities and inventory velocity improvements. The reoccurring issues related to COVID is demand variability related to shutdowns and locating quality suppliers to successfully reposition manufacturing closer to customers.
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Happy Halloween Team Art!
October has been a busy month! We traveled to Spain to see my father-in-law; I had my 60th birthday and attended Christina and John’s beautiful wedding.
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