The global crisis we are experiencing has directly affected the global economy. Many companies are adapting to the new scenario and adopting different types of practices so that core of your business recover what was lost since the beginning of the year.

But one thing is certain. This recovery will happen in a less time-consuming and painful manner if the supply chain knows how to take advantage of the opportunities that are emerging with the market heating up.

For this reason, resilience became the key word in the process.

Are you interested in learning more about the subject? Keep reading!

 

Resilience vs. Supply Chain

The word resilience comes from the Latin “Resilience”, which means “to go back”. In a figurative sense, it demonstrates the ability of someone to adapt to changes and misfortunes. Or even the natural tendency to recover or easily overcome problems that appear along the way.

In the new scenario, resilience has become the key word to ensure continuity in supply chain operations, since acting in an adaptable manner, amid an unpredictable scenario, is what can help in the resumption of business.

In crisis planning and mapping, considering items such as possible health problems for employees, extra stock to prevent disruptions and supply problems, and delivery delays are just some of the issues that should be on the agenda to avoid further impacts when the time comes to return.

The current situation has required numerous changes to work and production routines. Consequently, it has also impacted the strategic planning of all companies. This has taught us a huge lesson: we need to adapt to the circumstances, develop new solutions quickly and be resilient to move forward.

 

Professional health as the soul of the business

Currently, the recovery of the supply chain is closely related to the health of professionals working in the sector. No supply chain can operate with excellence without healthy employees working on site and others strategically working from home.

Therefore, it is necessary to develop strategies to take care of the well-being and safety of your workers, especially at this time. In addition to keeping the entire operation running, you end up mitigating possible risks that are normal in any recovery.

Try to carry out predictive analyses, prioritizing the solution of possible problems and mitigating risks for all employees.

Digitalization plays a fundamental role in this situation. Having end-to-end vision and control is only possible through the use of technologies such as, for example, e-Procurement of the Electronic Market.

 

Digitalization for resilience

As previously mentioned, in the context of the supply chain, resilience is completely associated with the ability to mitigate risks and minimize the impacts of unpredictable events, such as the Covid-19 pandemic.

According to a report presented by the World Economic Forum (WEF), to achieve a more resilient supply chain, three ideas must be kept in mind:

• Gain visibility into the supply chain to understand the impact a disruption could have.
• Digitize records to make operations more resilient to future shocks.
• Ensure data privacy and clear communication with suppliers.

One way to achieve these three points is to implement a digital platform. In addition to bringing agility and strategy to processes, the company gains governance with a vision from the beginning to the end of the supply chain, as well as control with digitalized information for decision-making.

 

Relationship is also fundamental for recovery

In today's scenario, technology is the rule for business, but relationships are just as important. Companies cannot sustain themselves without communicating and personalizing the service they provide to their suppliers.

Most organizations that survived the recession had good old relationships as their allies.

The act of structuring demands to adapt to the new normal, knowing how to relate to business partners, guarantees much more than better prices and payment terms; it allows for the reservation of products and joint planning to overcome replenishment problems throughout the chain. This is directly linked to the resilience of the supply chain as well.

In this way, in addition to ensuring better business functioning, companies also cultivate long-term relationships, creating a “win-win” relationship between all parties.

 

Every recovery requires a lot of care. How is your company dealing with the return of the supply chain? Tell us in the comments!

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