Preparing for The Future in Supply Chains

Supply chains across the world are being disrupted by COVID-19. Which leads to the question: how many companies are  truly prepared for unexpected disruptions? The coronavirus pandemic should open the eyes of companies worldwide. In addition, the virus should push them to begin making vital changes to their supply chains to prepare for future disturbances.

3 Supply Chain Changes to Condsider

31% of finance leaders in Mexico and the US reported that supply chain issues was of their top three concerns relating to coronavirus. There are four important aspects to considering when preparing companies for future distruptions. First, take action to digitalize as many supply chain processes as possible. Digital strategies have proven positive impacts on operation over the years. It has proven to help companies achieve 25% faster response to market changes. In addition, it has also proven to yeild 10% higher product availability for consumers. Digitalizing supply chains can consist of a number of technologies.

Second, it is crucial to have a crisis management team. Some teams manage disruptions globally around the clock. These teams figure out which sections of their supply chain may be affected by any disruption that comes up. When they know this area, they can then execute plans on how to respond. Third, companies should have as much visibility of their supply chain details as possible. When there’s a lack of visibility, planning ahead can become difficult. Better visibility can also benefit risk management teams as well. Businesses should map out every section of their supply chain to figure out what they know the least about and learn more. The coronavirus has affected businesses worldwide, but it has also given them the chance to prepare for the next disruption.

Unilogic’s Approach

Unilogic offers supply chain services to organizations both domestically and internationally. They offer services in storage, transloading, fulfillment, cross dock, assembly and kitting, and transportation. During this pandemic, they have been able to quickly respond in way that keeps their employees and clients safe. Unilogic continues to research and update their procedures to make sure they are able to respond quickly to changes in trends, market fluctuations, opportunities and more. During this time of crisis, Unilogic is with you and ready to serve you. Learn more about the actions we are taking in response to the coronavirus here.

For the most accurate and up-to-date information regarding the coronavirus, regularly check the CDC and WHO websites.