Accenture’s MD for the Energy Industry Group in the Middle East discusses how global restrictions due to the COVID-19 pandemic have seen inventories deplete and why it is important to safeguard the supply chain
By: Paul Carthy, Managing Director, Energy Industry Group, Accenture in the Middle East
The supply chain has always been an essential lifeline for people, getting goods and services to all types of customers everywhere quickly, safely, and securely. Never has this been truer than in the current unprecedented times of global restrictions due to the COVID-19 pandemic. Companies worldwide have a shared responsibility to safeguard and ensure a smooth and reliable supply chain in all its forms, primarily via e-commerce.
Even as millions are still quarantined or self-isolated, a significant increase in online purchases left businesses scrambling to ensure the resilience of their supply chains. Unfortunately, the reality is that most companies were unprepared for a global pandemic of this nature. With labour shortages and reduced productivity challenges cropping up across the entire value chain, the supply chain’s ability to deliver has taken a severe hit across the world, specifically across the following touchpoints:
We have identified seven priorities for companies as they repurpose their supply chains to increase both resilience and responsibility:
This is a time of unprecedented supply chain disruption. By stepping up and building purpose and responsibility into supply chains, companies will strengthen the business over the long term, and build the greater resilience and customer-centricity that will be vital to growth as economies rebound.
This column first appeared in the June issue of Pipeline Magazine
Source: Pipeline ME