March 2, 2020
Auto companies scramble to prevent shortage in midst of coronavirusAs the coronavirus spreads and takes a toll on stocks, automakers and suppliers monitor their supply chains to prevent shortages and further disruptions.
“Everyone right now is working hard and scrambling to figure out optionality and assessing the risk on which parts are at highest risk,” said Razat Gaurav, CEO of LLamasoft.
LLamasoft created a Strengths, Weaknesses, Opportunities and Threats (SWOT) team and established a “war room” to support customers being impacted by the coronavirus, about 70-80% of its clients. It recently helped a manufacturing company identify alternative suppliers and transportation arrangements within 48 hours.
“Depending on how long this crisis continues, the extent of impact will start getting exponentially worse,” Gaurav said. “In the short-term, it’s really about figuring out what those alternatives options and total cost implications of those options.”
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