The LIVING Supply Chain
April 05, 2020
Author: Guy Soreq
We are in the midst of an unprecedented moment.
Coronavirus has sent shockwaves rippling through the industrial world in a Supply-Chain Armageddon. In The LIVING Supply Chain by Robert Handfield and Tom Linton, the authors describe the need for resilient supply chains. As COVID-19 continues to propagate we are reminded of the importance of systems that can absorb, recover, and prepare for shocks.
Never has this message been more critical. At Glowlit, we’re seeing that the animal feed industry is far from immune. A combination of factors are at play: opaque markets and single sourcing, coupled with a global crisis which began in China. In this moment, Handfield and Linton wisely recommend that risk management principles be refreshed and re-applied. We’re here to help you do just that.
Combatting the risks associated with single sourcing requires getting to know your supply chain on a deeper level to fully understand your exposure. Are your distributors sourcing from the same supplier? Are your suppliers within the same city or geographic region? Will they be impacted by the same localized events? Even when our options are limited, we can always mitigate risk.
At Glowlit, we’re facilitating transparency in the otherwise opaque animal nutrition industry to help you better understand your supply chain. Not only does this lead to greater efficiency in your day to day work, but it allows you to be prepared when disaster strikes.
“Be fast, be nimble and make supply chain transparency the nucleus of your operations or become endangered." - The LIVING Supply Chain by Robert Handfield and Tom Linton