Three strategic action steps for supply chain decision-makers — Velma Deleveaux, PhD

  1. Prepare. The supply chain crisis isn’t going away anytime soon. Expect, and prepare for, disruptions to continue throughout the year — delaying shipments, causing product shortages, and driving up prices.
  2. Pivot. Be willing to pivot from long-held concepts with a primary focus on what makes a supply chain work efficiently, such as just-in-time production, lean inventory management, and fewer suppliers — toward a more “balanced strategy” focused on efficiency and resilience.
  3. Proceed. Consider and apply a range of solutions to address disruptions, such as holding more inventory, moving inventory closer to customers, using dual sourcing, and — if financially feasible — purchasing suppliers, leasing planes, and chartering private cargo ships to address logistics challenges associated with transporting goods.

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Point of View

Point of View

A point of view is the angle of considering things. It’s a platform for people with a vision and a story to tell.