It’s safe to say that the last year has not worked out how most people expected. A new decade brought visions of success and prosperity for most businesses, but instead, we’re in the midst of both a public health and economic crisis.
The coronavirus pandemic has been an eye-opener for millions of businesses in North America and across the globe. Despite being forced to close physical stores, companies are facing increased online sales and huge wait times for orders to ship.
How To Protect Your Supply Chain
So what can you do to protect your supply chain from falling apart during a pandemic? We have 5 steps to take to ensure your order intake and fulfillment continue to function smoothly in a time of crisis:
- Analyze your supply chain beyond Tier 1 to understand exposure and risk. From raw material to product consumed by the end-user, how many stops does your product make? How many international borders does it cross, if any? What are the emergency protocols in the countries your product is in? Familiarize yourself with this information now.
- Build inventory around your own stores to avoid port delays. Look into local inventory storage options as opposed to keeping inventory overseas in order to have it on hand and meet a sudden surge in demand. Request a warehousing quote at our Toronto area facilities today!
- Prioritize high-risk suppliers based on geography, sector, or commodity. Which suppliers are the most likely to experience delays in production or shipping? Are they able to outsource if needed? Spend time creating a Plan B and even a Plan C to protect yourself from delays from your high-risk suppliers.
- Factor in increased travel time. If you are looking for alternative warehousing and inventory housing, be sure to calculate the additional travel time for shipments from these warehouses.
- Look for logistics companies that offer multi-level storage and shipping. Be sure your logistics company offers services such as pick-and-pack shipping, cross-docking, and e-commerce fulfillment. Learn more about McKenna’s third party logistics and warehousing services.
Your main goal should be to increase flexibility and security in your supply chain. Be sure to speak to your suppliers to better understand their individual challenges and pitfalls. This way, you can develop a plan to support them and ensure your consumers have access to the services they need.
McKenna Can Help Build Your Custom Supply Chain
The key to smooth sailing during a pandemic is flexible logistics that can meet your unique needs and standards. At McKenna, with over 70 years of experience, our team of dedicated logistics-consulting professionals are committed to creating your custom warehousing and distribution needs.
If you have questions about our third-party logistics (3PL) services or our warehouse locations and options, contact us today to get a free quote!