How will the bankruptcy of logistics provider Yellow impact the US supply chain this holiday season. What can companies do to beat any logistics bottlenecks.
Contact alternate carriers you have already contracted capacity with.Budget for increased rates Identify production orders that will be short of materials impacted by the delays.How to ensure resiliency to minimize and mitigate riskto withstand disruptions and respond to business opportunities. This requires having processes and plans in place to:Deploy alternate freight sourcing strategies by identifying and contracting with alternate carriers and modes of transport in case of disruption.
While nobody can plan for an unforeseen event like a $5 billion carrier going out of business, we can build resiliency and contingency plans into our supply chains to lessen the impact. Companies will step up to fill the gap. In times of disruption, the logistics service providers that can provide a high level of service in the short term, will win your trust to be successful in the long term.
To learn more about how to get on the path to a Risk Resilient and Sustainable supply chain, download the
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