The past 12 months have seen a level of volatility, bordering on chaos, in the supply chain that most of us have not witnessed during our working lifetimes. Local, national and global shipping rates are soaring, ocean bookings are no longer guaranteed – even finding a trucker can be a serious challenge.
This new insecurity in our basic supply chain requires deliberate change in areas of our business that have historically been stable. Suppliers and purchasers must work together to extend lead times, make purchasing commitments earlier, and speak honestly to one another about the challenges we face in getting each shipment from the factory door to final consumer.