Tuesday, July 23, 2024

Overcoming Supply Chain Issues: Breaking Things Down

The global supply chain has always been fragile, but that is especially evident given everything going on in the world right now.

Since the onset of the pandemic in 2020, organizations of all types are experiencing major delays. That includes not only manufacturing but also retail, construction, utilities, and even sectors like hospitality. Manufacturing in particular has been hit hard – at one point during 2022, over 70% of manufacturing businesses were experiencing domestic supply chain delays, which is a notable increase over the national average at 45.4%.

Thankfully, all hope is not lost. There are many viable ways to overcome the types of supply chain woes that organizations are now facing – you just need to keep a few key things in mind along the way.

Supply Chain Best Practices for the Modern Era

By far, one of the best ways to combat supply chain issues like delays is, unfortunately, to assume that they’re a foregone conclusion so that you can plan around them.

Whenever possible, you need to prepare your inventory in a way that allows you to plan for delays. Make it a priority to get critical supplies from partners and other vendors sooner than you would typically need them. Keep a larger inventory of essential items so that if you do experience a larger delay, the risk can be mitigated as much as possible. When planning your timelines for deliverables, try to draw up contingency plans for what you might do if an unexpected delay occurs.

None of these changes have to be permanent, mind you. Once the supply chain has a chance to properly normalize once again, you can return to your normal processes. For the short-term, however, it is always better to be prepared than to be caught off guard.

Equally important is the acknowledgment that some supply chain woes that a lot of organizations are facing are due to external factors that are largely beyond their control. Everything from delays in transportation and shipping to extreme weather patterns like Hurricane Ian are leading to problems for many people. To help combat this as much as possible, you need to focus on that which you can control – the elements needed to remain as agile as possible.

Make it a priority to find the right supply chain partners in the first place – ones that are willing to collaborate during any disruptions that are impacting you both. Make sure that you keep communications channels with them open to discuss what, if anything, can be done in the event of a delay. Everyone needs to be honest about what the current supply chain looks like and, more than anything else, they need to be willing to work together as much as possible for the benefit of all involved.

If you’re looking to solve these and other supply chain woes as an original equipment manufacturer, contact the team at Yarder Manufacturing today for assistance. We have years of experience doing precisely that in virtually every industry outside of the automotive sector and our aggressive growth plans have continuously provided clients with the capacity they need – and then some.

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