The COVID-19 pandemic revealed weaknesses in traditional supply chain models. In addition to causing production and shipping delays, manufacturers and retailers suffered inventory shortages and overages when consumers began stockpiling items such as toilet paper and flour.
While we can’t predict or prevent crises or disruptions, we can minimize the impact by building resilience into supply chains. Read more for the five reasons why this is necessary amid uncertainty.
This article is provided for informational purposes only with permission of the Institute of Industrial and Systems Engineers from the January 2021 issue of ISE magazine, Copyright©2021. All rights reserved.