Insight Dialogue: Coronavirus Supply Chain Precautions
How do you maintain key supplier relationships in an unpredictable environment? Danny Thompson, SVP of apexanalytix, discusses steps you can take in the March edition of Inbound Logistics magazine.
Transparency is important, he says. Identify suppliers in affected regions, determine whether they will continue to operate and have an open dialogue about how your company can help. In addition, start planning now for inevitable future disruptions.
“Risk assessments and continuous monitoring for risks associated with your suppliers are key first steps,” Thompson says.
For more, visit the Insight Dialogue section on page 12 of the magazine.