Coronavirus and Business: The Insights You Need from Harvard Business Review

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PREPARE YOUR SUPPLY CHAIN FOR CORONAVIRUS

by James B. Rice, Jr.

Developing a cogent supply chain response to the coronavirus outbreak is extremely challenging, given the scale of the crisis and the rate at which it is evolving.

The best response, of course, is to be ready before such a crisis hits, since options become more limited when a disruption is in full swing. However, there are measures that can be taken now even if you’re not fully prepared. And although its long-term consequences have yet to fully play out, the coronavirus outbreak already provides some lessons about how you can better prepare your company to deal with future large-scale crises.

What You Can Do Now

Let’s first look at some actions that can be taken to mitigate ...