The intricate supply chain for global companies connects nations together, meeting our needs around the world. With the COVID-19 pandemic, resources have been limited, forcing companies to evolve their supply chain model.
How can workers and consumers remain safe without disrupting the normal flow of business? Let's find out.
Technology
With the responsibility to protect the health and safety of its workers, companies are converting to virtual processes through automation, artificial intelligence, and user experience design.
Investing in digital supply chain services, like Blume Digital Platform, companies are able to use a cloud platform to improve their supply chain and logistics. This simple, clean model has been able to assist companies (operating across 133 countries and counting) in optimizing its supply chain even during unpredictable times.
Nigel Stacey, the managing director of Industry X.0 explains how making more investments in technology can help companies be more flexible. "The COVID-19 global crisis places extra significance on investments in technology and digital that will help build resilient supply chains, elastic workplaces, and resilient IT systems."
Transparency
Being transparent is imperative to reducing vulnerability across the supply chain. An article from Supply Shift explains, " True supply chain transparency provides actionable information that can be used to influence the regional diversification needed to protect against supply-chain disruption."
When executives have a greater understanding of each step in their supply chain model, they can prioritize risks. This allows them to better manage the processes from raw materials to the end-user.
Staying Informed
Lastly, companies are keeping us safe by remaining informed. Companies are following guidelines, improving their sanitization standards, and actively seeking better business practices. Businesses have written responses regarding COVID-19 on their websites, such as Blume Global, where you can read what they are doing to provide high-quality services during the pandemic and beyond.
Thank you to the businesses who are working hard, protecting their workers, and doing their best to adapt to these everchanging times.
If you own a small business, be sure to check out my blog, How to Keep Your Small Business Going During COVID-19.