Many executives are hoping that the COVID-19 pandemic is a once-in-a-lifetime event. However, as the adage goes, “hope is not a strategy.” There are ways to stand out and better navigate the storms of the next inevitable disruption. These include reimaging your supply chain strategies...
It has been found that COVID-19 has negatively affected most nations around the globe. Developing countries have suffered the most due to a lack of resources. After an extensive literature review, it can be concluded that the greatest challenges were experienced in the...
for countries impacted by the virus and potential supply chain exposure from tier 1 and below. If lower tier transparency is missing, start building up the program and prioritize discovery to get a full picture rapidly. It’s also important to assess how customer spending might be affected. ...
The supply chain and logistics industry took a heavy hit due to the pandemic. However, it had to continue transporting food, medical supplies, and other resources across the world to meet essential needs. In this article, we discuss the impacts of the COVID-19 pandemic on the...
One approach to hiring that has become increasingly commonplace in response to current market uncertainties is the use of temporary and temp-to-perm workers. In fact, arecent Gartner surveyon COVID-19-related workplace trends states that nearly one in three companies will be hiring...
Here are some of the ways Covid has affected the CPG industry for good. 1. Gradual increase in consumer spending As we head towards 2022, the world economies are starting to open up. And with this opening, asDeloitte phrases it as ‘’ The high Street reopens,’’, there are high hop...
How did COVID-19 affect the international supply chain and how did businesses and shipping carriers navigate these challenges? Read on to learn more. The pandemic’s effect on international trade The global pandemic’s devastating effects were beyond anything most had imagined. One of ...
acute crisis. So far, I have emphasized the importance ofintegrating supply chain management and risk management, as well as takingad-hoc measuresto counter the impacts of Covid-19. Now, the next step is to take medium and long-term measures to make supply chains resilient in the long run...
How Supply Chains Will Be AffectedPart of our supply chain is in China, so I speak with our factories weekly. I speak Mandarin and have a great relationship with our people there. I think I'm getting reliable intel from them. They joke that you know your temperature from hour to hour ...
COVID-19 affected nearly every aspect of marketing because crises of this scale challenge the core of business basics, saysTimothy Calkins, clinical professor of marketing at Northwestern University’s Kellogg School of Management. Some companies were left unable to do any sort of commerce, while ...