How To Maintain The Supply Of Essentials During This Pandemic

1. How To Maintain The Supply Of Essentials During This Pandemic In the past, diseases, natural disasters, and economic recession influenced the supply chain a lot at domestic as well as global level. The current outbreak of Covid-19 has reached extraordinary disruption levels. Keeping the work of supply chains normal plays a vital role in maintaining daily life. Logistics companies, shippers, and allied supply chain players can keep supplying essential goods by following best practices and preventive measures. Here are some practical approaches to maintain the supply of essentials and face any crisis: Diversify sourcing The supply chains have highly impacts of the lockdown due to the outbreak of Covid-19. Many players in highly affected areas have to close their supply chain operations. For several years, China is a significant manufacturing hub, and so,

2. supply chains heavily rely on sourcing goods from China that has faced huge challenges in the lockdown. By applying a diverse sourcing method at domestic and global levels, organizations will be capable of maintaining the supply of goods, both essentials and non-essentials. Invest in innovation Advancements show how human beings have evolved in all parts of life, and supply chains are not an excluded one. Innovative technologies, such as AI/ML enabled planning & forecasting, automation and prescriptive & predictive analytics facilitate supply chains detect a probable issue before it takes place and take the steps to prevent it from its occurrence. Combining all these can help supply chains to face any crisis in the future. An example of innovative technologies is as follows:

3. •AI/ML facilitated demand planning and forecasting can optimize the inventory in a time of unstable demand spikes while bringing a reduction in operational waste. •Automation can facilitate human resources in times of unstable demand, worker absences, and volume, via more efficient production, distribution, and fulfillment. •Prescriptive/predictive analytics take in exterior signals from the atmosphere around them and can advise curative actions in real-time to ease losses and risks caused by disruptions. Empower the human resource Workforce always plays a critical role in managing a crisis. The use of advance technology and innovation facilitate the crisis management work. Empowering employees with tools, such as ERP support maintain the engagement, morale, and productivity of workforces during crises. They give increased collaboration, direction, and visibility to optimize operational efficiency when time is opposite. Transparent communication from the seniors to employees at regular intervals is also pivotal in the time of crisis, whether it is of short-term or long-term. Offering alerts & notifications to employees, communicating best practices during changes in circumstances, and being transparent in the business status of a company are keys to motivating and retaining skilled employees. Life is flooded with uncertainty, and local, domestic and global disruptions and crises will keep happening at levels as they happened in the past and are going on in the current time. These events have a direct impact on the supply chain of an organization. And that’s why taking the requisite measures to address such happenings in all aspects of business dealing with supply chain crises and disruptions is critical. Restructuring supply chains with more innovative, tactical, and engineered designs will reduce the effects brought on by crises can enable the entire world move ahead safely.