While it took a year of unprecedented disruption, the C-suite is now putting a strong focus on supply chain resiliency.
CEOs and CFOs no longer view the supply chain as just a business function that mainly operates in the background.
They see it as essential to reduce organizational risk and drive competitive advantage.
There was initial hope that 2021 would bring about a full return to normalcy.
But now, many business leaders are approaching the remainder of 2021 with caution.
Although vaccines are rolling out and restrictions are being lifted, COVID-19 disruptions are likely to continue throughout the year.
And even when we finally break free from the grips of the pandemic, we know that another disruption - whether natural or political - is inevitable.
In December 2020, I wrote in an article for Business Chief where I stated that the supply chain would take center stage in the business agenda for this year.
As we enter Q2/3 2021, we can see this playing out:
2020 was the year that pre-existing supply chain rulebooks were thrown out.
2021 is shaping up to be the year where business models are adapted to new ways of working.
If businesses want to survive and succeed in a world where one disruption replaces the next, resilience and agility, powered by the latest supply chain technology, will be crucial.
Webinar: Join Jarrod Goentzel (director of the MIT Humanitarian Supply Chain Lab at MIT CTL) on Wednesday, June 30, for an interactive discussion on Building Supply Chain Resilience: Lessons from Disaster Response, moderated by Let’s Talk Supply Chain’s Sarah Barnes-Humphrey.
Supply chains are constantly in the news with disruptions that cause global impact. In response, executive agendas now place supply chain resilience at the forefront to combat this ever-changing reality.
These supply chain experts will share:
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