With both federal and state social distancing mandates in place, consumers aren’t currently able to shop at brick-and-mortar stores, so if small businesses are going to survive the COVID-19 pandemic, they’re going to have to adapt and sell their products online.
Supply chain leaders must take steps to prepare for black swan events to endure them, stay ahead of the competition, and be more even more prepared for future supply chain disruption.
Automotive suppliers that avoided potholes during the last major recession did so by purposefully making early adjustments to their operations, even with limited data, so consider these 10 ideas to optimize your near-term cash flow to remain profitable during uncertain economic times.
In our connected global economy, supply chain disruptions like economic downturns, geopolitical shifts and health pandemics have an immediate impact on our businesses’ day-to-day operations. Follow these 7 supply chain risk management best practices to navigate the current coronavirus pandemic and mitigate future supply disruption.
Driving supply chain improvement is critical to continued business success, so follow these five steps to keep your company on the path toward supply chain excellence.
Procurement departments should clearly define a mutually agreed upon approach to calculating cost avoidance with other departments such as finance and corporate leadership to fully realize its value.
The supply chain becomes exponentially complex as production volumes grow, so we recommend following these four steps when increasing production from low to mid volume.
Engaging your supply chain team earlier in the new product development process to help lead design decisions will help reduce your product’s cost, timing and risk.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.