This year COVID-19 shook the world, including causing major disruptions in the supply chain. The question isn’t whether companies were affected, but how they’ll go about recovering.
For the June 2020 issue of Supply & Demand Chain Executive, Logistyx Vice President of Business Intelligence and Data Analytics Mike Eisner tackled this exact question in an article titled “Supply Chain Analytics Planning for Pandemic Recovery.”
The speed with which retailers had to respond to an evolving supply chain, disrupted retail model, and enhanced e-commerce consumer demands during the pandemic is forcing many retailers to reflect on the systems they use to support their business. Implementation of a global, flexible, multiple carrier parcel platform to support consumer fulfillment requirements is critical. Leveraging this with insights from prescriptive analytics to support strategic decisions and leverage the execution platform is equally critical. Retailers not utilizing these types of technologies are at a competitive disadvantage and will struggle to quickly and accurately make the right decisions affecting their survival.
Mike covers both the supply chain challenges presented by the COVID-19 pandemic and how companies can apply predictive and prescriptive analytics to recover and gird against future disruptions.
Read Mike’s full article in Supply & Demand Chain Executive’s June 2020 issue: https://issuu.com/supplydemandchainfoodlogistics/docs/0620sdc_digital/34