Years of heightened tensions have exacerbated the world’s fragile supply chains. This had led to strong consumer demand, product hoarding, and supply shocks which cause rapid bottlenecks. The onus is on supply partners to develop proactive solutions that can cut lead times, increase cash flow, and add value for customers. Chris Mines is joined by David Guernsey, a finance and general management expert. They discuss ways companies can increase their information flow to better prepare for these shocks and why industries need to tailor technological advances to meet specific needs.
Some of the topics covered in this course include:
- An overview of the complex factors that cause disruptions
- Steps to make fragile procedures more robust
- Why companies need to strengthen their economic forecasting
- The need for both automation and quality assurance
- An outlook for the months ahead and more!