Disrupted value (supply) chains need fixing.
When disrupted supply chains are everywhere, it’s a killer punch.
Poor sales and disrupted global supply chains (value chains) lead to significant crises for many. The COVID-19 pandemic should have been a wake-up call for all leaders and managers. Consider actions that will ensure resilience to future shocks.
Because Chinese manufacturers play a central role in global supply chains, the disruption is particularly acute in electronics, the car industry, pharmaceuticals, metals, and a wide range of consumer and industrial products.
Globalisation has been set back with disrupted supply chains.
The good thing I can see is manufacturing returning to Australia with more attention to entrepreneurs, innovative businesses and regional communities. Though the world has changed, now isn’t the time to hit the pause button on your business.
Instead of panicking, you can make a plan and move forward. You can surround yourself with support and positivity. Inept governments should stop interfering and let businesses sort things out.
The current situation exposes the risks associated with supply chain (value chain) fragmentation and globalisation, which have been largely ignored. For many organisations, combining lean production and global supply networks led to their current problems and frustrations.
Supply chain management is vital when building a new future.
What if there were a more abundant future for you? What if you could create, sell, and serve your customers online with the world’s best practices? Wouldn’t that make an extraordinary difference just when it’s needed most?
You need to understand your strategic vulnerabilities. Relying on suppliers with unique capabilities presents serious challenges, and no one is exempt. You need to start rethinking your scaling and product mix. Keep in mind that the disruption is likely to last many months, if not years.
Improving outcomes is about making more sense of complex business processes. Start by adjusting the operational aspects of the organisation, including communications. Contact us for a checklist of questions you might ask to overcome the disruptions you are still experiencing: https://faqsupport.com.au/contact.
“In times of adversity, it’s time to analyse and rethink your Value (Supply) Chain. Start making adjustments for a better future. Perhaps it’s time to investigate local import replacement initiatives”. Peter Sergeant