The necessity of responding to COVID-19 pandemic has caused radical shifts in the economy – both for industries whose operations who have been impacted, and for industries who have to radically rethink consumer demand. And perhaps no industry has been more impacted in the immediate term than Retail.
Some companies have frozen their hiring during COVID-19 – even with unprecedented Supply Chain needs. When they unfreeze, there will be a rush to hire, which could overwhelm companies struggling to find the best candidates. But not if you take the right steps now.
Some third-party vendors may provide you with goods, services, and many other supports. Would you be able to track everything manually? What is your strategy for effective supplier relationship management?
“I’ve always believed – dating back to my consulting days – that there’s a tremendous amount of latent value at most organizations across the Supply Chain.” – Steve Diakowsky, President & CEO of Freshstone Brands.
Today we bring you some strategy from the fast-changing world of retail to help deal with COVID-19-related disruptions. Written by Supply Chain experts Gary Newbury and John McClymont.
With the world focused on maintaining the flow of essential goods and services as we fight the pandemic, this is the time for Supply Chain professionals to shine.
Logistics – the physical movement of raw materials and goods from manufacturing sites to retailers and/or customers – used to be seen as a pretty nuts-and-bolts business. But in the age of eCommerce, Amazon, Wal-Mart and big data, customers expect more from the companies they buy from.