Supply Chains: Broken Beyond Repair?
Supply chains have changed considerably this year and we are facing more supply chain issues than ever before. When looking at the nature of supply chain today we see how important planning and organization can be, especially when faced with shortages and especially during emergencies such as the pandemic.
Supply chain experts work behind the scenes to ensure that in demand businesses and retailers have every tool that is required to maintain public supply and freight. Supply chain management is a position that eliminates the guesswork from supply and quality control as well as lean manufacturing is improving asset utilization and improvements to our squeezed supply chain.
Safety stocks are at a minimum when it comes to these systems and early deliveries are often considered just as bad as a late entry for your business. Data enablement ensures a lot of supply chain partners offering transparency at every level and during the pandemic, this transparency became more difficult to track. It was harder to focus our efforts on the bigger impacts of supply chain issues and when people were making purchases, it was not always easy for them to maintain the orders that were being received from large scale retailers.
Factories could not manage demand and many factories were forced to shut down operations. High infection rates coupled with raw material decreases have ruined many supply chains across the world. We are seeing this issue in the production of many electronics, in factories the world over, and in the consumer goods that many of us are trying to pick up before the holidays.
Addressing the nature of our supply chain issues and working diligently to find ways to offer advantages in supply will help us to build stronger relationships with retailers and fix the supply chains that were so disrupted. If you are interested in learning more about supply chain and how the future of freight is working through these issues, check out our future posts.
This post was written by Justin Tidd, Director at https://www.swartzengineering.com. For nearly half a century, Swartz Engineering has been at the forefront of industry safety. They are a family-owned company specializing in power distribution for the electrical industry. Our design ensures maximum flexibility for excellent reliability and a high return on investment.