After the initial COVID-19 disruption, supply chains seemed to stabilize. However, this apparent peace masks a deeper problem. Systemic and strategic risks are now prevalent, demanding action beyond procurement and operations teams. Boards and CEOs must prioritize supply chain resilience by embracing flexibility and innovative thinking.
After the big Covid-19 whipsaw, the most obvious forms of supply chain distress started to fade away. But the relative peace and quiet that executives are perceiving is actually ominous. Under the surface, supply chain risk has become severe, systemic, and strategic.
Addressing the risk cannot be left to procurement and operations teams alone, however smart and skillful they are. Boards and CEOs need to put supply chains back at the top of their agendas. A leadership team that provides financial, operational, and organizational flexibility and understands that today’s supply chains require new thinking — not just tinkering — can reduce the odds that they’ll have to respond to crisis in this era of disruption.There may be no more dangerous phrase in business than “the new normal.” It implies some kind of equilibrium, the notion that we can find and stay in a place where things are safe and balanced, where the earth won’t suddenly shift beneath us and send our premises and plans tumbling down. That’s what’s people think is happening with supply chains — and it’s a mistake.is Global Head of Industries and a member of the Board of Directors of AlixPartners. He is based in Chicago.
Supply Chains Risk Management Disruption Leadership Strategy
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