Wednesday 21 October 2020
 
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ANALYSIS

Supply chain innovations to ensure resilience

DUBAI, 22 days ago

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

 




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