The Covid-19 pandemic has put the nature of global supply chains into sharp relief: how free and open movement of goods and services is a fine principle but one that’s loaded with risk, and that risk is accentuated at every stage when there is reliance on people. Shorter, simpler supply chains, with resilience as the priority, have become an imperative.
The initial flurry of advice from Government to businesses suggested stockpiling after Brexit would be a ‘good thing’. Now there’s an edgy silence - suggesting there’s even doubts over how pro-active supply chains ought to be.
The new Halloween date for Brexit means supply chains are faced with a round of Trick or Treat in the lead up to October.
If you're concerned about risk in your supply chain, build the temple of supply chain resilience. Your foundation needs to be an effective supply chain strategy. This impacts on the risk profile of the supply chain. Your floor needs to be product design for supply chain management.