Successfully mitigate risk in unprecedented times.

Never before has there been a more important time for your business to be able to adapt quickly and prepare alternate ways of working. Our FAQ’s below cover everything from assessing the impact of COVID-19 on your business and mitigating supply chain disruptions, to designing a supply chain for our new normal.

We also offer guidance and training for food safety and proper sanitation and hygiene techniques for employees. Together, we can all move through these uncertain times.

How can I assess the implications of COVID-19 on my business?

  • Quantify virus’ impact on supply and demand disruptions, both for today and longer term
  • Perform operational risk assessment on critical business functions
  • Access critical supply chain data across all tiers to properly assess potential damage
  • Set up temporary inventory recovery and evaluation process and look for alternate suppliers
  • Communicate with key supply chain stakeholders on volume and changes to demand volume for the next few quarters
  • Manage cash and net working capital by running stress tests to understand where supply chain issues will have a financial impact

How can I mitigate supply chain disruptions in light of COVID-19?

  • Identify alternative suppliers, especially as new cases emerge in new places
  • Activate pre-approved materials and products in places where the primary supplier is impacted but a secondary supplier is not
  • Identify and secure logistics capacity and be flexible on mode of transportation, including using air freight
  • Collaborate with all parties to leverage freight capacity jointly
  • Accelerate Customs clearance
  • Create transparency on multi-tier supply chains and secure capacity and delivery for Tier-2 and Tier-3 suppliers
  • Estimate available inventory (finished goods, spare parts, parts in transit, and supply with customers that can be bought back)
  • Optimize production and distribution capacity while ensuring employee safety
  • Move available inventory away from quarantine zones and near ports where it can be accessed for shipping
  • Build up inventory and raw materials that are in short supply in impacted areas
  • Assess realistic customer demand to determine required supply
  • Communicate with customers about delays and adjust customer allocations to optimize profits
  • Manage cash and net working capital

How can I design a resilient supply chain for the future?

  • Establish supply chain risk function to assess risk and impact
  • Build flexibility into current approach to protect against future disruptions
  • Ensure end-to-end transparency across the supply chain
  • Create formal documentation of processes and tools created during the crisis management period
  • Closely examine supply chain vulnerabilities and shocks that could expose you again
  • Assess planning and supplier network, transportation and logistics, financial resiliency, and product complexity