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... companies looking to ensure resiliency in supply chains should take a strategic look at what goes into the production of finished goods and what may impact their ability to fill customer orders
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tensions appeared to abate , however , since the pandemic , conversations about supply chain risk are routine . Many business leaders are feeling exhausted like smoke jumpers that have been putting out fires since 2020 . Each new unforeseen event brings its own set of challenges .
As these high-impact events become more prevalent and predicting when or where they ’ ll occur becomes more challenging , it ’ s imperative that business leaders find a way to manage them by assessing risks to their daily processes and diversifying to build more resilient supply chains . Managers should get into the practice of reviewing their business ’ s vulnerabilities ahead of any actual crisis . That means adopting a business culture that looks to identify risks to their supply chain before unanticipated calamities and introducing a Chief Resiliency Officer or CRO , whose sole role is to oversee a regular strategic review of supply chains and their durability . ■
For a list of the sources used in this article , please contact the editor .
TBM Consulting www . tbmcg . com
John Ferguson is Chief Executive Officer , and Ken Koenemann is Vice President , Supply Chain & Technology , at TBM Consulting . TBM Consulting is an operations and supply chain consulting firm that works with manufacturers , distributors , and private equity firms to accelerate productivity , improve profitability , and grow enterprise value . The firm ’ s supply chain capabilities include inventory optimization , supplier management , talent development , integrated business planning and S & OP , and network / warehouse optimization .
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