There is no shortage of pundits out there with recommendations for what business should do in th
face of the coronavirus crisis - most of it fairly mediocre, from SCDigest's view.
Better is a set of action steps provided by the consultants at McKinsey, organized in five main categories, including steps to "stabilize the supply chain," as shown in the graphic below:
Of the actions called out in the supply chain area, especially interesing to SCDigest is SKU-level demand planning by "micro-scenario" - we agree companies will have to get very granular and be analyzed across multiple scenarios.
We were less wild about port "capacity pre-booking." It implies a lack of capacity - the issue is the opposite, right now, with great excess capacity, likely to be the state of things for some time. And pre-booking won't help if a container carrier simply voids a scheduled sailing.
But overall, a handy guide.
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