SUPPLY CHAIN SHORTAGES & ITS IMPACT ON MANUFACTURING

As the supply chain remains volatile, organizations continue to be impacted in their day-to-day operations. While their supply chain planning strategies were developed to handle the inability to forecast at certain moments, this volatility still requires adjustments. The majority of these adjustments are made for the sake of bettering operational and financial management to reduce the risks associated with supply chain failures. Organizations work toward addressing supply chain issues proactively, rather than reactively. Being proactive means organizations are better prepared for the various ‘what-if’ situations that can occur and are able to create a plan to recover from them when they do occur. Most of these situations will require their own bespoke solutions to be solved. For example, issues surrounding inventory placement complications and supply shortages will require their own unique solutions, whereas demand fluctuations may require a completely separate solution. Though the supply chain requires organizations to create solutions they otherwise thought were impossible, there are ways to be more prepared. For more information on how to remain successful despite supply chain volatility, please spend a moment reviewing the resource highlighted alongside this post.