No Match Found
More cooperation and more transparency. This is what companies should invest in to strengthen their supply chains. ‘You are as strong as your weakest link in the value chain’, says Mathieu Rosier, supply chain expert at PwC. ‘Parties will share more data and I expect that there will be more partnerships.’
Rosier: ‘Because of the crisis, links in supply chains have started to cooperate better. This has accelerated the digital transformation. We have seen the arrival of many superb tools, which allow to companies to get insight into the strong and weak spots in their value chain faster. I hope that we will continue this acceleration’.
We should not expect the Netherlands to be ‘on’ again, and demand immediately returning to the pre-coronal level. This will differ per sector and all sectors will have their own challenges. Rosier: ‘It is important to find out where your risks were when the Covid-19 crisis broke out. Where was I vulnerable? What did I learn from this and which measures am I going to take to prevent problems in the future? Consider your entire value chain: you suppliers also have their suppliers and it is important to make this transparent. Map your contracts. What outstanding commitments do I have? What am I obliged to purchase? In this way, you will make your company flexible. You improve its versatility and you will be able to respond more promptly to fluctuations in demand and align sales, production and procurement internally more quickly.’
Data are essential to increase your knowledge about the supply chain. ‘Recent PwC research shows that those who invest in data analysis will be able to deal with market fluctuations more easily. Performing data analysis adequately requires the right people. So, you will have to upskill your employees digitally’.’