5 Lessons from Automakers on Navigating Supply Chain Disruptions

November 22, 2022 EcoVadis ‏‏‎


Realizing that their supply chains cannot be made totally immune to disruptions, a number of automakers have adopted a number of strategies to protect their businesses. They include: delivering a “good enough” product to consumers, developing better systems for monitoring the supply chain nodes that matter most, resisting the urge to centralize decision-making for supply chain issues, identifying pragmatic ways to ensure supplies of crucial resources, and turning scarcity into a virtue by turning the inventory problem into a business opportunity.

As the frequency and magnitude of supply chain disruptions continue to grow, it would be understandable if business leaders’ first instinct is to respond by trying to correct every single flaw or mistake, no matter what it takes, so each disruption never happens again. But it’s becoming increasingly clear that a 100% resilient supply chain is unattainable. Rather, pragmatism and adaptability are proving far more effective.



Read the full article at: hbr.org

About the Author

EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 175+ countries.

Follow on Twitter Follow on Linkedin Visit Website More Content by EcoVadis ‏‏‎
Previous Article
Turning pledges into action is a COP27 key focus, but it’s vital corporate targets are ambitious enough
Turning pledges into action is a COP27 key focus, but it’s vital corporate targets are ambitious enough

90% decarbonization is the only path to science-based net zero, so that’s the target Capgemini has set itse...

Next Article
BMW Group secures CO2-reduced steel for global production network
BMW Group secures CO2-reduced steel for global production network

The BMW Group is systematically pursuing its climate goals for the supplier network and significantly reduc...

×

Don’t Miss a Thing
Get sustainable procurement news from around the world straight to your inbox

Subscribe →

First Name
Last Name
Opt in to receive more information from EcoVadis
Thank you!
Error - something went wrong!