How to Protect Your Supply Chain and Mitigate Interruptions
Your business’s financial success depends on reliable deliveries. And during this global supply chain shortage, that’s harder than ever. As the New York Times reported in a March 6, 2021 article: “All the links in the supply chain are stretched. The ships, the trucks, the warehouses.” (‘I’ve Never Seen Anything Like This’: Chaos Strikes Global Shipping) It’s the perfect storm: Cratering demand in 2020 led to widespread production shutdowns -- and worldwide undersupply of raw materials and finished goods. Commercial driving schools shut down in 2020, worsening the truck driver shortage. Add global shortages of trucks and ships, and it’s clear that we’re in for delays -- especially as demand ramps up. Today, you’ll learn how to protect your supply chain – including 3 weak links and seven questions you must ask your suppliers to make sure you’re covered.