Rapid spread of coronavirus raises concerns for the health of population. Infection causes not only humanitarian, but also significant commercial consequences globally. Viruses know no border, so they will continue spreading. 94% of companies of Fortune 1000 already suffer disruptions because of COVID-19 (Fortune: Coronavirus Supply Chain Impact, 21 February 2020).
Threads caused by the coronavirus will likely disappear by the time. This was observed on the viruses MERS and SARS a few years ago. But even if the danger disappears possible outbreak of another epidemic with its disastrous consequences makes us think about not how it will happen, but when.
This problem can serve as a platform for better understanding of strategic operations and supply chains. This in its turn will lead to the development of more sustainable relationship with key suppliers. Strong corporate contacts and flexible operational models will help organizations to improve general commitment to overcome any disruption.
For instance, the restaurant businesses have responded to the visitors decline by shifting between operational models, focusing on clients ordering takeaway and extending this opportunity to embrace business lunch delivery. Similarly, reasons that led to this complex problem will help organizations to mark the benefits of the applied operational model.
Following steps will help to understand the level an organization is exposed to COVID-19 infection and what is more important, to determine a reliable supply chain in case of future threats and disruptions..