|Posted on March 5, 2020 at 1:50 PM|
Recognize that disruptive events like the coronavirus are going to happen again and again...
So it only makes sense to war game or scenario plan against the most probable threats before they happen, not after.
A series of “What If,” models can help you plan in advance. For example, assuming your primary supplier shuts down, do you have a network of alternate suppliers? If shipping is constrained, is airfreight a viable option in terms of both cost and volume to be moved?
Here are three scenarios Business should consider as part of their contingency planning via McKinsey.... READ MORE
Categories: CAG Explains
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