How can Supply-Chain recovers from pandemic situations

 

This is Vembu Raj T, pursuing my MBA second year in Amrita School of Business, Coimbatore. Today’s my blog is on topic “How can Supply-Chain recovers from pandemic situations”. From this blog we would know about the Steps now taken to mitigate the effects of coronavirus supply chains will also create resilience against things in future.

Businesses need to react at once on several fronts: while striving to protect the safety of their staff, they must also safeguard their organizational sustainability, now increasingly under threat from a historic supply chain shock. Many organizations are able to mobilize quickly and set up processes for crisis management, preferably in the form of a nerve center. Naturally, the usual emphasis is short-term. How will supply-chain leaders also plan and develop the resilience that will see them to the other side in the medium and long term?

• Establish transparency in multi-stakeholder supply chains, draw up a list of essential products, decide the source of supply and identify alternative sources. 
• Estimate the available inventory along the supply chain for use as a bridge to keep production going and allow consumers to deliver, including replacement parts and after-sales stock.
• Evaluate reasonable final-customer demand and respond to (or contain, where possible) customer shortage-buying actions.
• Optimize the ability of production and distribution to ensure the safety of workers, such as by providing personal protective equipment (PPE) and collaborating with contact teams to share levels of infection risk and work-from - home choices. These measures would make it possible for leaders to consider current and potential levels of capacity in both labor and materials.
• Identify and secure logistics capacities, estimate and accelerate capacity, where possible, and, where necessary, be versatile in the mode of transport.
• Manage cash and net working capital by conducting stress tests to understand when a financial effect will begin to be generated by supply chain problems.