Tim Lawrence, manufacturing expert at PA Consulting, is quoted in an article discussing the practical steps businesses can take to limit coronavirus disruption to supply chains.
The four actions for businesses to take are: reviewing inventory levels, communicating with every supplier, ensuring that a disaster recovery plan is in place, and preparing for the time when the epidemic is over.
Tim says: “Companies should immediately review their inventory levels and policies – and ask suppliers to do the same. They should then work with their suppliers to identify the scale and timing of their exposure within the supply chain, including effects that may be hidden. These could be where alternative suppliers are likely to be dependent on the tier three or four supplier in Hubei [the industrial province of China most affected by the virus].”