As we move out of a highly reactive environment and attempt to restore normality to global supply chains, many companies are finding it difficult to respond in a volatile environment. Yet with continued uncertainty around suppliers, operations, output and customer demand likely to continue for some time yet, preparing for a new normal is essential.
The path ahead involves understanding new risks and building new strategies for survival and prosperity. End-to-end visibility is one aspect that will be needed in order to better anticipate disruption and respond in real-time. And these are no longer just ‘nice to have’ capabilities: they are essential capabilities that will determine success and failure in the years ahead. If your company is not embracing automation in this way, it will be left behind by competitors that are.
So how do you manage ongoing demand and supply volatility? What can you do to reduce the time required to respond to future disruptions? Do you need to revisit and formalise risk management processes and practices? What does this mean in terms of new supply sources, materials and routes to market? And what new skills and resources will your business need moving forward?