The breakneck speed on how we ended in a lockdown due to the Coronavirus outbreak reveals where most supply chain plans are left vulnerable. The work to re-evaluate readiness plans can be summarized in 6 areas.

Consumer behavior continues to shift as a result of the coronavirus pandemic. With this, consumer health companies must consider the stakeholders needs and interests. Three broad phases of consumer behavior are escalation, accumulation, and early recovery.

Crisis exposes the weaknesses in an organization’s value chain. The procurement organizations play a vital role in mitigating the risks and disruptions. As the leader of the function, it is the CPO who defines the strategy and culture of the procurement organization.

To achieve the earnings improvements many organizations are looking for, procurement leaders will want to examine new ways to create value. Applying zero-basing to spend categories can reveal previously hidden resources which can prove critical in responding to significant changes in demand-supply dynamics.