Protecting the supply chain with a COVID-19 rapid response framework

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COVID-19 will ultimately impact every step of the value chain.

Companies can protect their supply chains by tracing back needs from customers to suppliers. Your suppliers require real-time monitoring of inputs, and you’ll need daily updates to manufacturers on stock levels, inventory, deliveries, and priorities. Manufacturers are responding to shifting demand and labor shortages, while retailers face increased demand for many products and supply shortages. Your customers’ purchasing behaviors may be erratic as they sort out what the COVID-19 pandemic means for them.

Over time, companies should prepare for a return to a post-COVID-19 world. Your rapid response should evolve into creating plans to restart operations and retrain your workforce if necessary. Lessons learned during the crisis should be codified to inform future work as you grow your business.

Read more and download Kearny’s Rapid Response Framework here.

About Author

A.T. Kearney is a leading global management consulting firm with more than 3,600 people working in more than 40 countries. A partner-owned firm with a distinctive, collegial culture that transcends organizational and geographic boundaries, they work with more than three- quarters of the Fortune Global 500 as well as with the most influential governmental and non-profit organizations. With nearly 100 years of experience, procurement is not only a capability which the management consultancy was born out of but is also one of their largest offerings.

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