As the COVID-19 crisis unfolds, it is not only testing – and often breaking – the continuity of many supply chains, but is also exposing the quality of the underlying management system foundations for resilience and long term value creation. There is a cold irony suggested by sustainability pundits, that the Coronavirus crisis has struck right in the midst of a ‘stakeholder capitalism’ movement where companies were making commitments to “serve a social purpose”.
It’s tempting to think those commitments have all gone out the window (or been put on hold), but a careful look at four steps of crisis evolution reveals the vital link and importance of robust sustainable procurement practices to assure resilience and protect long-term value within your supply base.
In this roundtable-style webinar, we will walk through a four-part framework:
-Identify risks exposed during early Reaction and Resilience phases in your supply chain
-Discuss supplier selection criteria for Rebounding stronger as this crisis passes
-Explore a ‘New Normal’ of performance and preparedness for future crises