Avoiding Disruptions in Your Supply Chain.

The pandemic has created a great deal of discussion on how to avoid disruptions in the supply chain. It would have been very hard for any company to be well prepared for the issues that the coronavirus brought. We now have a good idea of what a major disruption can do to supply chain across industries. This page will provide various ideas on ways to mitigate disruption for the future.

There are a number of strategies that organizations can use to avoid disruptions in their supply chain, including:

Diversifying suppliers: Having a diverse group of suppliers can help to reduce the risk of disruptions caused by issues such as supplier bankruptcy or natural disasters.
Establishing contingency plans: Organizations can develop contingency plans that outline how they will respond to disruptions, such as identifying alternative sources of supplies or temporarily suspending certain operations.
Establishing strong relationships with suppliers: Building strong, collaborative relationships with suppliers can help to ensure that they are able to provide timely and reliable delivery of goods and services.
Implementing risk management strategies: Organizations can use risk assessment tools and other methods to identify and assess potential risks to their supply chain and implement strategies to mitigate those risks.
Using technology to track and monitor the supply chain: Advanced technologies, such as blockchain and the Internet of Things (IoT), can help organizations to track and monitor their supply chain in real-time and respond to disruptions more quickly.

Overall, by adopting a proactive and holistic approach to managing their supply chain, organizations can significantly reduce the risk of disruptions and maintain a high level of operational efficiency.

Supply Chain Quotes

“Many supply chains are perfectly suited to the needs that the business had 20 years ago.” ~Jonathan Byrnes, MIT Professor
“Learning and innovation go hand in hand. The arrogance of success is to think that what you did yesterday will be sufficient for tomorrow.” ~Willaim Pollard
“The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment.” ~Warren Bennis
“Status quo, you know, is Latin for, ‘The mess we’re in.’” ~Ronald Reagan
“Creativity is thinking up new things. Innovation is doing new things.” ~Theodore Levitt
“All models are wrong; however, some are useful.” ~George Box
“The Business Schools reward complex behaviours more than the simple behaviours, but simple behaviour is more effective.” ~Warren Buffett
“If you’re trying to disrupt the status quo and beat bigger competitors, you’re not going to do it by playing their game.” ~Dharmesh Shah