Mohannad H. Gomaa shares succinct recommendations from leading practices on developing a continuity plan for a supply chain.  Key thoughts and advice to update your current Supply Chain Continuity Plan (SCCP) Business Impact Analysis: External Suppliers and Customers: Send questionnaires to your 1xxx+ suppliers and service providers to see how their operations are adjusting and discuss capacity availability/pricing/contract FM. Conduct meetings on key risk orders/SKUs Communicate with your customers on key issues and ways to collaborate to fulfill orders…

  Barry Horwitz shares a recent post on how to deal with the current crisis and benefit from the disruption. “A crisis is a terrible thing to waste.” — Stanford economist Paul Romer Yesterday afternoon, I logged into what must be my 150th Zoom conference. What was once an occasional event has turned into a daily barrage of virtual backgrounds and unknowingly muted speakers. Fortunately, it seems we are all getting better at this new reality. Well, maybe not all…

  Geoff Wilson asks the questions that make you think about your business strategy post COVID-19, identifies what you should focus on, and explains how you should move forward. Hey, you there…the guy or gal with the life you always wanted.  How does it feel? You are working from home.  Your computer screen has become your window into the world.  And, you have realized that it is, in fact, possible to pack more meetings into a day if you just…

  When Kaihan Krippendorff found his calendar clear due to COVID-19 cancellations, he, in collaboration with his team, decided to launch the Reimagine the Future summit. This article is a summary of all 47 sessions, reviewed recordings, and in-depth content analysis of the session transcriptions and audience dialogue from today’s most influential business thinkers who took part in the summit.    In March, as the reality of COVID-19 started taking hold, when my team received our fifth request in one day…

  Eric Hiller provides a short introductory article and a link to a forthcoming webinar on Thursday, May 28, 2020, that explains how to keep a supply chain up and running during COVID-19 and into the future.  The old world… So, you had a supply chain, and you thought it was pretty “optimized.” Yeah, you could improve it here and there, but you had wrung out 95%+ of the addressable waste. To really make progress, you would need to make…

  David Burnie’s company has published a timely blog on the 21 common mistakes many companies make when rolling out their business continuity plan.  A business continuity plan is essential for preventing and recovering from emergencies and incidents that can disrupt a business. We recently shared our top 13 priorities for a strong BCP. While not having a BCP is a sure-fire pitfall to successful business continuity, there are other things to keep in mind. Here are some of the…

  Luca Ottinetti provides an article that reflects on past recessionary crises to help business leaders move through the current situation productively with examples of strategies from TMSC, Ford, AB InBev, Home Depot, and Verizon among others. Managing through a recessionary crisis requires more than laying low and waiting for the storm to blow over. It takes proactive management to prepare and then take advantage of the general economic weakness. Recessions come from different starting events, for example (1) stagflation…

  Andrew Hone’s company has developed a 6-week program which takes businesses through each step of our three-stage framework for responding to COVID-19. COVID-19 represents a formidable challenge to businesses of all sizes. Necessary policy responses have caused significant disruption to the global economy, with simultaneous demand, supply and financial shocks. Most businesses are experiencing a sharp decline in near-term revenue, requiring actions to mitigate the impact on cash flows and potentially to secure additional funding. Based on our own…

  James Bowen takes a look ahead to the end of this year, and shares his thoughts on four likely scenarios that may come to pass.  Today we live in an environment of extreme uncertainty. More than 26 million Americans who had jobs a month ago are now unemployed. No one can tell you whether that number will be bigger or smaller a month from now. We have seen negative prices for the West Texas Intermediate oil contract, but that…

  As more employees work from home, it is important to establish clear guidelines and routines, this post from David Burnie’s company provides ten questions businesses should ask to ensure the switch to working remotely runs smoothly.  Establishing a work from home (WFH) program is an essential part of a business continuity plan. In the current COVID 19 crisis, executing a work from home (WFH) policy is a top priority for organizations. A robust work from home policy will enable…

  Sean O’Toole explains why there will be no going back to normal and why the current disruption provides opportunities for companies that can redefine themselves for the future. The world post-COVID19 will be very different from [the one] we just left a few weeks back! Each crisis has brought dramatic changes in consumer, business and social behavior. At the time, some of the changes accelerated what was already in motion. Others were entirely unanticipated. Whatever changes this crisis will…

  While the businesses community is working hard to deal with the current difficulties of the COVID-19 pandemic, the next step is recovery. This post from David Burnie’s company shares ten priorities for a strong business recovery and business continuity plan.   With the spread of COVID-19 and the establishment of corresponding emergency measures, now is a crucial time for organizations to review and update their business continuity plan. While the organizations fortunate enough to transition to a work from…