Supply Chain & Operations
Footprint Optimization: Building a data-driven footprint strategy
Data-driven scenario modeling is critical for organizations in adjusting manufacturing footprints to manage supply chain challenges caused by coronavirus outbreak
In 2020, COVID-19 served as the latest reminder of the importance of an efficient and resilient supply chain. As coronavirus introduced unanticipated and widespread disruptions to countries around the world, supply chain organizations both large and small saw the impact of long lead times, rising costs, and material shortages.
In reaction to COVID-19, organizations have had to adapt their operations and are now asking themselves the crucial question that will define the next decade: “How does our supply chain need to change going forward?”
With the right evaluations and execution plans, manufacturers can truly improve efficiency, flexibility, and service levels while reducing working capital requirements and driving a resilient supply chain that is up to the challenges of the coming decade.