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In the US the focus has now shifted dramatically to the demand side impact, as almost everything outside of food and related consumer packaged goods is seeing huge drops in demand, starting with forced store closures of most department and specialty stores, then what is sure to be a big drop in in demand for many industrial products, a huge fall in automobile sales and much more.
But as companies grapple with how hard and how long demand will fall, it is important for companies to not forget about the lessons on the supply side. Notably, another tough lesson, as with the 2011 earthquake and tsunami in Japan, on the need to map a company’s multi-echelon supply chain.
So say Dr. Thomas Choi, Dr. Dale Rogers and Bindiya Vakil in a recent article in the Harvard Business Review on-line. Choi and Rogers are at Arizona State University, while Vakil is CEO of Resilinc, a supply chain risk management services provider.
Read the complete article at Supply Chain Digest>>