October 27, 2020
What COVID-19 has taught us about supply chain risks and how companies need to rethink their approachCOVID-19 continues to expose every weak link in supply chains forcing many essential industries, including healthcare and food to rethink their strategies. Dr. Madhav Durbha, group vice president of Industry Strategy at LLamasoft, offers advice to those looking to be proactive in a recent article from the American Journal of Transportation (AJOT).
“Every crisis presents an opportunity to advance. The pandemic has shown organizations that leaders need to embrace nimble approaches, analyze historical data and patterns and implement advanced analytics to stay competitive. It is no longer acceptable to use the rules and policies that drive supply chain decision making today including the “set once and forget” strategy for their models. Leaders need to take these lessons learned in the pandemic to evolve their strategies to be more agile and adaptable in future times of uncertainty,” said Dr. Durbha.
Read the full article from AJOT below.