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Supply Chain Graphic of the Week: Five Sets of Actions Business should Take Now to Address Virus Issues

 

 

Stabilizing the Supply Chain is Key Imperative, McKinsey Says

 

April 23, 2020

 

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.

 

Any Feedback on our Supply Chain Graphic of the Week? What do you think of this contributor list? Let us know your thoughts at the Feedback section below.

 

Your Comments/Feedback

 
 
 
 
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