Preparing your supply chain for sustainable business performance in the aftermath of COVID-19 requires awareness of multi-modal transportation trends affecting your ability to manage cost and customer service.
Before the coronavirus pandemic struck, companies were having a difficult time finding enough qualified candidates to fill positions in supply-chain management. With unemployment at 3%, many jobs were going unfilled. Now, with the economy in freefall as a result of millions of shuttered businesses, the situation has changed radically.
The solutions that have worked in the past — increasing inventory, adding capacity at different locations and diversifying suppliers — are just scratching the surface when it comes to having a truly resilient supply chain.
Auto companies are rethinking their 2020 supply-chain strategies to cash in on new market opportunities, maintain competitive advantages, and cut costs to weather the coronavirus pandemic.
As companies describe how they weathered a quarter most people would like to forget, here are some other examples of how big supply chains are holding up.
Cortera, a provider of essential credit data about the health of small and mid-sized American businesses, recently launched the COVID-19 Economic Impact Tracker, a free B2B business health tool that sources data from a community of thousands of companies from across the U.S.