In this episode of Supercharged Supply Chain, Ron and Joseph will discuss the notion of “resiliency”. How to build a robust enough supply chain so that any shocks can be recognized before they become a critical threat and, if the threats become a reality, how can a company best prepare to cope and avoid possible disruptions from their vendors and ensure their customers are not disrupted?
When the COVID Pandemic first started, automotive plants around the world endured a disruption to their businesses with many having to shut down for a period for lack of parts to produce their vehicles. This, in turn, caused a disruption in the flow of vehicles to their customers. And in December of 2020, a closing of the borders between the United Kingdom and France due to a new strain of COVID caused the early closing of Toyota plants in the UK of two days due to a parts shortage as a result of the closure.