In the wake of the COVID-19 pandemic and the extensive supply chain disruption that accompanied it, it is more important than ever for supply chains to be resilient and adaptable in the face of change and disruption. Supply chains are today facing unprecedented challenges that require innovative, creative solutions and agile mindsets to be addressed properly. The Capgemini Research Institute has found four key features that supply chain planners must work into their supply chains in order to ensure they are as resilient as they can be:
Adopting these four features is essential for long term supply chain viability. Organisation-wide visibility has long been seen as essential for forecasting, but did you know that currently 68% of firms are facing difficulties using traditional demand planning methodologies due to the market disruption cause by COVID-19? Similarly, supply chain agility is no new concept and has long been seen as essential in increasing business responsiveness, but 75% of consumer products firms report facing difficulties when needing to quickly increase or decrease production capacity. Thus, while adopting these four features may seem like common sense, implementing them effectively into supply chains can sometimes be harder than it seems. The Capgemini Research Institute proposes three key actions to help accelerate the journey to supply chain resilience:
Oscar is an associate consultant in Intelligent Industry working on one of our retail accounts. He is passionate about sustainability and social responsibility in supply chains.