Use the pandemic as an opportunity to look at your company’s policies and practices. Use it as motivation to review your risk and adjust your risk mitigation plans, such as qualifying secondary suppliers for your approved vendor list.
As the pandemic continues, one thing is obvious: Nearly everyone is looking at the continuity of their own business, their supply chains and their ability to meet customer demand now. They’re looking both at securing their own supply and making sure they fit into their customers’ supply chains going forward.