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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Content: Even a localized disaster can have far reaching implications in the supply chain depending on where it is. 3. Transportation failures and delays. Globalization and increased trade has made it more and more common for supply chains to include international suppliers. A result of this is increased business opportunities, but also increased strain on international and domestic transport networks which has led to congestion and delays. While transportation delays can happen in the best of times, other supply chain disruptions can compound these problems. For example, natural disasters can prevent transportation and trade routes through affected areas. Or in the case of the COVID-19 pandemic, many countries and regions instituting lockdowns to avoid viral spread is making it more difficult for freight carriers to deliver goods by land, sea, or air slowly the movement of even vital products. 4. Product problems.