The effects of COVID-19 are far and wide reaching as businesses look to preserve cashflow, protect staff well-being, create some certainty for their future and ensure their supply chain is secure.
Supply chain has proven to be a particularly difficult issue as reduced production capacity and availability of shipment spaces has led to a battle for access to product. With this uncertainty some businesses are looking to save money and reduce the risk by splitting their supply.
However, this could be having the opposite effect. Instead of looking to split their supply chain they should be focussing on the proven vendors that they deal with. Securing validated working contingencies carries extra risk, cost and can put added strain on already stretched resources.
The impact that your supply chain could be having on your business is wider reaching than many are aware of.