COVID 19—How You Respond Now Will Impact Your Supply Chain for Years to Come
A Video Discussion on Scenario Preparedness
By Dale Rabenek, Principal SCMO2
Every ten years or so there is a global event that significantly disrupts corporate supply chains. In 2001 it was the terrorist attack of 9/11. In 2009 was the meltdown of financial markets. In 2020 the disruption is COVID-19.
In this video blog SCMO2 Principal Dale Rabeneck interviews Hank Ackerman, VP of Supply Chain for Prince International, to reflect on how coronavirus is impacting supply chains, and how executives can respond. Prince has been affected by its spread in China, and is currently applying those lessons learned in new locations like Italy.
This discussion reviews the response playbook covering the extended supply chain including: commercial, manufacturing and operations, transportation and logistics, Supply and the teams which support these functions. Both threat minimization and opportunity leverage is considered.
Remember, supply chains compete—if you are unable to convert this circumstance into an opportunity, your competition will and you will emerge a weaker company as a result.
SCOM2 is offering a Rapid Response Assessment to help you quickly kickstart the development of your company’s COVID-19 strategic plan.