How to deal with supply chain disruptions under the influence of the epidemic?

Christopher, a famous American supply chain expert, pointed out that the competition in the 21st century is no longer the competition between enterprises, but the competition between supply chains and supply chains. Over the past two years, the continuous spread of the new crown epidemic has greatly changed people’s production and living habits, production and operation methods, and logistics methods. While the current high level of uncertainty makes it difficult to accurately predict what global trade and supply chains will look like in the post-COVID-19 era, they will inevitably be reshaped. In this case, what effective measures should be taken to deal with the supply chain disruptions affected by the epidemic in a timely manner?

Create supply chain diversity

Only more resilient companies can survive in a complex and volatile market environment. Many companies have begun to focus on formulating “Plan B” to reserve alternative suppliers and improve the industrial chain. Many large enterprises are already deploying or strengthening their control over the supply chain. Creating supply chain diversity can effectively avoid the risk of over-concentration of suppliers and supply regional markets, reduce dependence on a single supply source, and enhance risk resistance; it also ensures a stable and flexible supply of key raw materials and components and Improved bargaining power with suppliers.

Improve supply chain management efficiency and effectiveness

A series of supply chain management challenges caused by the epidemic: upstream supply suspension or shortages, increased safety stock requirements, labor shortages leading to rising labor costs, logistics disruptions leading to increased costs and longer cycle times, etc. In the face of challenges, enterprises can use digital tools to empower them, and use the MOOV 4PL system to realize enterprise data visualization decision-making, supply chain multi-dimensional management and control, and supply chain industry collaboration to improve the efficiency and effectiveness of enterprise supply chain management.

The epidemic has caused a huge impact on the global supply chain, and it will also bring about huge changes. The shortcomings of the traditional supply chain system exposed in the epidemic require companies to upgrade their supply chains to digital transformation and upgrade in a complex and changeable market environment, so as to better cope with uncertainties and achieve development.