Coronavirus Outbreak: Manufacturing And Supply Chain Lessons Learned

The global COVID-19 outbreak has served as an important lesson for companies worldwide on the importance of supply chain integrity. Factory shutdowns across China are wreaking havoc on unprepared companies in every industry, leaving organizations scrambling to maintain product supply. The ensuing chaos is leading companies to question how they could have prevented, or at least mitigated, these setbacks. While events like the coronavirus outbreak are impossible to completely prepare for, safeguards can reduce timelines and shorten supply impacts when they do occur. Keys to keeping your products on the shelf during an adverse event include strong internal knowledge of your product, rapid second site scale-up, and ultimately a variabilized supply chain.