Viruses know no borders. The rapid spread of the coronavirus presents potential devastating business impacts. What can you do right now to limit that impact? And, just as importantly, how you can use this current challenge to gain deeper understanding of strategic operations and supply chains to form more resilient relationship with critical suppliers.
KPMG supply chain specialists have prepared a summary of immediate actions to help you to evaluate your potential organizational exposure to the coronavirus. This includes steps in how to safeguard your people, assess supplier risk, and manage working capital.
We’ve also compiled a list of longer term considerations to help increase agility and become more resilient in the future. Because while the impact of the virus is affecting today’s global supply chains, tomorrow’s disruption is already brewing.
Medium-to-long term actions
Frank J W Li