Here are the excerpts of the interview.
The rapid outbreak of the coronavirus presents an alarming health crisis that the world is grappling with. In addition to the human impact, there is also a significant commercial impact being felt globally. How do you see the larger impact of the crisis to businesses globally?
Businesses around the world are grappling with the impact of COVID-19. Everyone will be impacted somehow, the question is how much. The urgent need for medical supplies, border closures and the drastic reduction in airliner cargo capacity has sparked fears as to whether supply-chains can get us the goods we need. Beyond the immediate need for supplies, questions are being raised about the risk inherent in current supply chain structures. Over recent decades, supply chains have globalized, specialized and become leaner. They are more efficient, less risky in certain areas, but potentially risker in others. Businesses now need to figure out how they can adapt to this crisis, pivot and help where needed and then rebound.
An important part of business resilience is scenario planning. It’s important to map out your supply chain and plan for multiple situations
How can organizations position their businesses to be resilient in the face of this and the next global threat?
This story is from the May 2020 edition of People Matters.
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This story is from the May 2020 edition of People Matters.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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