Big global players such as Nike and Kellogg’s faced supply chain disruptions during the onset of the COVID-19 pandemic last 2020. With the world coming to a halt, the production and distribution of goods and supplies also slowed down, resulting in lower profit margins.
This event revealed the importance of supply chain management. Never having occurred before, several companies came unprepared and faced a multitude of supply chain issues that prevented them from serving their customers on par with their standards.
The Remote Group took on these challenges to add value and bring transformational growth strategies to the supply chain industry. As a result, organizations learned how to embrace risk management planning applications in their supply chain to ensure seamless end-to-end production and distribution.
Here are three nitty-gritty details companies missed that resulted in these shortcomings.
3 COMMON SUPPLY CHAIN PROBLEMS AND SOLUTIONS
POOR SUPPLY PLANNING
With a Supply Chain Manager from The Remote Group, one of our biggest clients in the industry achieved 7% business growth within 5 months. This improvement was facilitated by the effective utilization of trend forecasts to predict consumer demands and optimize supply planning.