Optimising your Covid-19 Pandemic Response

 

Companies need to act differently with the rise of this pandemic situation especially with the enormous gaps in data, processes and systems. I am going to be talking about four capabilities that the firms need to incorporate in their strategy in order to maximize their success, achieving supply chain agility and resilience in order to be prepared for any unforeseen happenings in the future.

The impact of this Covid situation has been different for different industries. For example, the E-Commerce industry has grown over two folds and producing growth which was not expected for another three years. While some of the stalled industries including the restaurants, retail etc has been hit and recovery still lies ahead.

• Eliminating information delays: It is very essential that a change in demand would be reflected across all stages or parts within that supply chain so that all suppliers are well informed and within the loop enabling them to be more responsive.
•  Real-time visibility : Having real time visibility into every order or shipment would mean having access to all those inventories information. This in turn means that having information on the consolidated demand for each good across the globe. This helps to match demand to supply continuously allowing us to relocate the inventories effectively.
• Automate routine task: This helps to free up many staff who can add more value to the organization. These set of workers can be effectively utilized for solving problems, making better choices and coming up with low cost options.
• Same platform: If the suppliers, carriers, customers all worked in a similar platform, would mean that sharing information such as plans, inventories etc  would be much simpler. This can help to reduce errors and many other inefficiencies which commonly arises.