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Solutions to supply chain challenges: Building strong structural resilience

ConsumerGeniuses

ConsumerGeniuses

CPG companies have been facing supply chain challenges for quite some time. These upheavals show no signs of relief, which is why companies should evolve short-term and outdated strategies and build strong structural resilience via the three-step process mentioned here 1, Executives should target day-to-day operations and speed up production by purchasing components on an emergency basis. 2, CPG companies can integrate their operations and build a resilient supply chain by developing a nerve centre, reevaluating just-in-time strategies, and designing plans for extreme disruptions. 3, CEOs of the firms can create digital twins of business operations, increase data sharing with suppliers and build a team to focus on long-term resilience building.

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