The COVID-19 pandemic has affected hundreds of thousands of people in the world and this comes with significant economic implications, which will stay for months to come. The impact on supply chain is twofold – for one, businesses must carefully monitor short-term and long-term demand and inventory to accommodate production loss in the wake of factory closures and economic slowdown. For another, retailers are faced with inventory depletion as consumers stock up in preparation for potential quarantine or extended stays at home.
So, the question is how to prepare your supply chain in times of crisis?
Watch this insightful video of Alan Faulk to learn more about the ways to make your supply chain more efficient and less risky during these times of crisis.