LOGISTICS
10 SHORT TERM ACTIONS TO TAKE IN RESPONSE TO THE OUTBREAK FOR COMPANIES THAT PRODUCE , DISTRIBUTE OR SOURCE FROM SUPPLIERS
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• Enhance the focus on workforce and labor planning
• Focus on Tier 1 supplier risk by identifying the company ’ s key direct suppliers and understand their ability to meet supply requirements and potential risks
• Gain as much visibility across the extended supply network
• Understand and activate alternate sources of supply
• Update inventory policy and planning parameters
• Enhance inbound materials visibilit
• Prepare for plant closures
• Focus on making the production schedule agile
• Evaluate alternative outbound logistics options and secure capacity
• Conduct global scenario planning
SEVEN STANDARD BUSINESS ACTIONS TO TAKE IN RESPONSE TO THE OUTBREAK
• Educate employees on COVID-19 symptoms and prevention
• Reinforce screening protocols
• Prepare for increased absenteeism
• Restrict non-essential travel and promote flexible working arrangements
• Align IT systems and support to evolving work requirements
• Prepare succession plans for key executive positions
• Focus on cash flow
JULY 2020