Only 10% of companies are truly prepared for supply chain disruptions. How do you future-proof your supply chain? In the past year, leaders have been confronted with a lifetime’s worth of disruption and crises: global conflict, energy uncertainty, food shortages, accelerating inflation, and severe climate events. Natural and human-made disruptions will only persist. Heightened demand, trade restrictions, factory closures, rising freight rates and reliance on ‘just-in-time’ inventory systems have led to global shortages and inflation. Yet, in our experience, many still overlook the importance of building resilience in their supply chain until it’s too late. To enable long-term, sustainable, and inclusive growth, today’s business leaders must strengthen resilience beyond a survival capacity. During our recent engagements, we have learned that embedding the following steps throughout your supply chain process helps to approach disruption proactively: Identify potential issues and assess the level of risk involved Implement continuous monitoring using advanced analytics and predictive algorithms Prepare for potential disruptions by optimising network design, inventory planning, and sourcing strategy Build capabilities to strengthen overall operations and processes If disruption is the new normal, resilience should be the new necessity.
