Title: 7 Steps for Minimizing Supply Chain Disruptions + Prevention Tips
Headings: Combatting Ecommerce Supply Chain Disruptions and Steps You Can Take to Minimize Impact
Combatting Ecommerce Supply Chain Disruptions and Steps You Can Take to Minimize Impact
What is a Supply Chain Disruption?
5 Types of Supply Chain Disruptions
1. Pandemics.
2. Natural disasters.
3. Transportation failures and delays.
4. Product problems.
5. Price fluctuations.
6. Cyber attacks.
7 Tactics for Preparing for Supply Chain Disruptions
1. Create a supply chain emergency plan.
2. Build up inventory.
3. Conduct a supply chain vulnerability audit.
4. Identify backup suppliers.
5. Diversify supply base.
6. Partner with a logistics expert.
7. Adopt risk evaluation tools.
Steps to Take When a A Disruption Has Occurred
1. Communicate with customers.
2. Evaluate all critical components of the supply chain.
3. Estimate available inventory.
4. Assess buyer behaviors.
5. Optimize production and distribution capacity for safety.
6. Identify logistics flexibilities.
7. Evaluate cash flow impact.
Conclusion
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Susan Meyer
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Content: Your supply chain can also inadvertently open you up to attacks. If any link in your chain has lax security protocols, that may be an opportunity for hackers to get access to your data. This is what occurred in 2014 when superchain Target experienced a major security breach that was originally started though a hack in their HVAC partner though a phishing scheme. The chance of your supply chain being disrupted by cyber attacks or leading you to be attacked yourself, make it very important to have strong communication and relationships with all links in your chain and know where any vulnerabilities may lie. 7 Tactics for Preparing for Supply Chain Disruptions
The following section was contributed by Gayatri Bhaumik on behalf of EasyShip, an all-in-one shipping platform for global ecommerce. They say the best offense is a good defense, and that’s certainly true when it comes to managing your supply chains. You probably won’t get much advance notice about disruptions to your supply chain, so it’s a good idea to make sure you plan ahead for any eventuality. Here are a few things to consider while creating a strategy for managing supply chain disruptions. Create a supply chain emergency plan. Build up inventory.