Introduction
The disruptions of 2020 through 2022 pushed companies to rethink their supply chain design. Resilience replaced efficiency as the top priority. Here’s how firms adapted to a new era of supply chain strategy.
Shock Review
From COVID-19 lockdowns to port congestion and material shortages, supply chains faced unprecedented stress. Weaknesses were exposed where firms lacked visibility and backup plans.
Resilience Strategies
By 2022, companies began building buffer stocks, qualifying alternate suppliers, and nearshoring critical production to reduce exposure to disruption.
Case Examples
Some firms implemented dual sourcing for semiconductors, while others revised inventory strategies to prioritize availability over lean operations.
Key Takeaways
- Supply chain resilience became a competitive advantage post-2020.
- Strategies like multi-sourcing, safety stock, and regionalization gained traction.
- Risk monitoring and scenario planning helped firms stay prepared.
Call to Action
Want to build a more resilient supply chain? GP Consulting helps you assess vulnerabilities and implement proven strategies to reduce risk.
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