What supply chain manager doesn’t dread getting the news that the goods are not going to show up at the dock on time? And for some, a shipment that’s merely late but does eventually show up is good news. During the Covid-19 pandemic, many shipments simply never showed up at all, leaving businesses scrambling to fill empty orders.
Case in point is the auto industry, crippled by the lack of computer chips due to supply chain issues, which resulted in decreased automobile production, increased used car prices, and numerous lost customers. News headlines reported things like “acute shortages of supplies” and “global supply chain disruptions” that led to “companies from Apple to Nintendo announcing shipping and manufacturing delays.” The truth is, our supply chains are critical infrastructure, and privately held mid-sized firms are often the most affected by disruptions to it.
While most of us may be slowly waking up and getting back to the real world, returning to the office or using up the last of our emergency government-issued benefits, business logisticians and senior business leaders were not allowed to be asleep at the wheel the past year. Ideally, your company had a strong contingency plan in place to ensure your operations could continue.
judi slot , slot online, agen slot online, judi slot online, situs slot online, situs slot, agen slot, daftar slot online, situs judi slot online, daftar situs judi slot online terpercaya 2020, situs slot online terbaik, casino slot online 888, situs slot online indonesia, nama nama situs judi slot online, situs slot online, online slot, judi slot online terpercaya, main slot online, game judi slot online
Currently a quick look at online job board Indeed indicates over 500 openings for overseas supply chain management positions. Where are you in terms of access to your overseas partners? Can you better manage your supply chain or materials and components so that your business is not significantly affected by future shortages?
Computer chip shortage
One big challenge every business selling more complex tech goods will now face is the looming computer chip shortage. Most computer chips are manufactured in Taiwan, and starting in late December 2020, a combination of political turmoil and rising Covid-19 case counts resulted in disruptions to the output of Taiwan chip manufacturers.
If you cannot source computer chips for your products, you will need to figure out alternative interim revenue streams and tighten operating expense controls. The good news is, you may be able to raise your prices with little or no competitor threat.