Separating demand into many different SKUs makes forecasting more difficult, and trying to fill needs by substituting products during periods of shortage causes a real scramble. In commodities, for example, 75 percent of companies are currently increasing their use, with the remaining 25 percent saying they plan to do so in the future. Lockdowns, shelter-in-place orders, and travel restrictions were disrupting activity in every part of the economy. Things like furniture, clothing, and household goods will be relatively easy to obtain elsewhere because the inputslumber, fabrics, plastics, and so forthare basic materials. The proactive monitoring of supplier risks was the primary focus of these efforts, yet significant blind spots remain in most companies supply-chain risk-management setups. Adding to the everyday challenges supply chain professionals face, disruption has . In a post-COVID-19 world, supply chain stress tests will become a new norm. These actions should be taken in parallel with steps to support the workforce and comply with the latest policy requirements: In the following sections, we explore each of these six sets of issues. And explore new manufacturing technologies that could increase flexibility and resilience. Based on a literature review and the manager's input, twenty COVID-19 impacts were collected. The authors wish to thank Viktor Bengtsson, Chris Chung, Curt Mueller, Hilary Nguyen, Ed Paranjpe, Anna Strigel, and Faaez Zafar for their contributions to this article. Although the inciting incident of these disruptions is different, theyre the same in that supply chains eventually rebounded or pivoted and operations pressed forward that is until the next disruption came along. They were designed for maximum business cost savings. Danko Turcic, an associate professor of operations and supply chain management at UC Riversides School of Business, said the current environment is causing previously unseen disruptions in both supply and demand.. A pandemic is not a latest happening encountered in the history of people due mankind has faced various pandemics in history. The majority of companies did not heed the lessons of the natural disasters of the last decade and, as a result, suffered severe supply disruptions when the Covid-19 pandemic struck. Overcoming barriers to multitier supplier collaboration, Visit our Manufacturing & Supply Chain page.
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