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As Covid-19 rumbles on, business leaders now have another challenge on their horizon: Chinese New Year supplier closures!
With global supply chains still battling against the disruption caused by Covid-19, businesses now face further upheaval as suppliers based in the Far East halt their production for the annual national holidays.
As China’s workforce sets upon one of the world’s largest human migrations, organisations across the rest of the world are left in the dark for weeks on end. With extensive lead times of up to several months, importing goods from China can be challenging at the best of times.
However, given that suppliers are still catching up with backorders and customer demand remains volatile, extra steps must be taken this year to prepare for what lies ahead.
Understand the types of inventory issues that exist in your businessTake immediate action to fix these inventory problemsAdopt a more pro-active approach to inventory controlTo help you prepare for supplier closures, we have put together a simple infographic.
By following these milestones, you can ensure you have taken all the necessary steps to: