In early 2020, the coronavirus pandemic first began to pick up steam, stopping factories and business supply chains in their tracks. Since then, COVID-19 has continued to affect businesses around the globe—along with a fair number of other black swan events like the bushfires in Australia and the US.
While we certainly don’t expect every year henceforth to be a borderline apocalyptic series of disasters (à la 2020), the pandemic and other disasters this year have highlighted a need for most businesses to rethink their supply chain management.
So how do you prepare your business to withstand a supply chain crisis? We’ve broken it down into a list of dos and don’ts for increasing your supply chain resiliency going forward.