Since March 2020, discussions surrounding supply chain risk and capacity has come to the forefront due to circumstances beyond our control. From the hoarding of toilet paper at the beginning of the pandemic, to more serious issues such as the shortage of building materials and queues of lorries waiting to go into Dover to deliver British goods across Europe.
The combination of a pandemic and Brexit has made most of us view the world from a glass half-empty perspective. ‘We are heading for another recession’, ‘my business is going to shut’, ‘support is not available’, ‘is this a force majeure event?!’. In all of this, you can imagine the plight of suppliers and subcontractors, especially SME organisations.
For construction and infrastructure, 80% of spend is within the supply chain, and both organisations, and projects rely upon procurement for sourcing what they want, the delivery of the requirement, and the management of it.
Resilience is defined as the quality of being able to return quickly to a previous good condition after problems.
The health of the supply chain and it’s wellbeing comes down to collaboration among parties: client-supplier relationship or suppliers and their further tiers.
If you’re interested in learning more on this topic, the Supply Chain Sustainability School will be hosting a FREE in-depth webinar on Thursday 24th March, looking at supplier resilience and capacity issues in the supply chain. Secure your place here.
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