Disasters like the COVID-19 pandemic can wreak havoc on even the biggest of a company’s business. Even when your employees and office space are secure, the difference in a time of calamity lies in having a secure and resilient supply chain. In this article, I explore how the direct competition between brands is no longer relevant, and why the only competition that remains is between the companies’ supply chains. I will also take a look at different ways that leaders can employ to build secure resilient supply chains for their businesses.
When the news stories related to the pandemic started breaking on the internet, none of us could have realized the massive scale of the calamity. Given that such a disaster only happens once in a century, we can be forgiven for that. However, what we can’t forgive ourselves for is putting all the eggs in one basket when it comes to securing our business supplies.
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