Supply chain innovations to ensure resilience
DUBAI, September 29, 2020
As businesses transition into new ways of working they will first slip into an interim way of working - the 'pre-new normal' phase, during which supply chains will be reshaped around resilience, diversified manufacturing and multiple sources of supply, a report said.
The new report from DHL explains how the Covid-19 pandemic will result in new thinking around procurement, supply chains and logistics, as companies adjust their operations to new business models.
Demand, transport, warehousing-related topics and workplace operational practices will become critical issues, according to the report.
Key takeaways:
• Post-coronavirus, supply chains will not be the same as they were pre-coronavirus.
• Businesses won’t immediately transition into new ways of operating, and an interim stage – the ‘pre-new normal’ phase – will bridge the gap.
• In the ‘pre-new normal’ phase, resilience, demand, transportation, warehousing-related topics, and workplace operational practices will become critical issues.
• Supply chains will re-shape themselves around resilience, with more diversified manufacturing, and multiple sources of supply.
• Supply chain innovation will be essential and collaboration along the value chain will be the enabler for future business success.
• Transportation and warehouse networks might have to be re-configured to ensure more flexible, but still cost-effective, supply chains. Workplaces will see changed practices around social distancing.
• The journey from lockdown to ‘pre-new normal’ and then to new realities will require a re-assessment of today’s supply chains based on a changed environment and a potential new set of priorities. – TradeArabia News Service