ARTICLE · 17 JUNE 2020

From shortage to stockpile: How supply chains need to adapt in a redesigned world

Norton Rose Fulbright Australia

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Businesses need to ensure that they have strategies in place to maintain business continuity in the event of future supply shocks.

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The development of tailored operational strategies and risk management frameworks that position entities to maintain business continuity in the event of ad hoc or sustained future supply shocks is a critical task that boards must now tackle head-on.

What was once operational is now strategic - as is the risk of not getting it right.

The impact of the disruption and the required action from boards

We now operate in a world that has the tendency to see things as pre-pandemic versus post-pandemic. Borders are closed and port entries are restricted, resulting in not only the emptying of supermarket shelves and an immediate shortage of personal protective equipment, healthcare products and other end products that were once abundant, but also critical delays in the supply of component products for manufacturers.

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