3 Immediate Actions to Mitigate Supply Risks and Disruption Right Now

At this writing, it is impossible for anyone to predict the full extent of the COVID-19 pandemic, or its full impact on businesses — and certainly not on individual supply chains. This will cause severe, sustained disruption across all business sectors, upending supply chains and smothering demand.

In the long term, companies must become adept at managing risk to maintain competitive advantage, even in uncertain times. Implementing an agile, digitally enabled supply chain that deftly responds to changing market conditions is needed to future-proof your operations.

But in the short term — right now — you’re out of time. This is the moment to take decisive action, not wait it out. Now is the time to solidify alternate supply sources, distributors and logistics partners who can help navigate the disruptions along the way.