Supply chains determine the failure or success of businesses. Similarly, a good supply chain strategy with a well-thought-out marketing plan and an efficient inventory management strategy must be in place if a supply chain has to work properly. The success of a business is also determined by supply chain management, which is all about ensuring reliability and redundancy in the procurement process. From the COVID-19 pandemic, we drew many lessons regarding the vulnerabilities in the current supply chains. These lessons show supply chain strategies to end the year that will help you overcome vulnerabilities caused by demand surges, shipping challenges and other potential external factors.

The supply chain is like a circulatory system for a business. It is the only way that facilitates the process of transformation of time, labour and raw materials into finished and market-ready products that consumers can buy. Although the processes involved are complex, putting the right strategy in place can help reduce costs and increase production speed. The key to developing an efficient and well-oiled supply chain machine is putting the right people in the right places. This begins with identifying the right talent and hiring them. Below are some key interview questions that will help you in your journey to build a strong supply chain team.

Fast delivery is an important part of any company. However, when there is a delay, customers can react, which may lead to backlogs arising from clogged delivery processes. However, routed deliveries can be used to reduce potential backlogs and other issues that may crop up during shipping. Backlogs can also happen if one or various factors in the fulfillment process are disrupted. However, supply chain difficulties might be bypassed through several ways, as explained below: