The impact of the COVID-19 pandemic is being felt all over the world. As nations, cities, and towns try to contain the spread of the virus, businesses of all kinds are beginning to feel the effects. The supply chain effects are beginning to ripple through the economy and disasters like COVID-19 show that many companies have not built resilient supply chains.
To limit the negative impact of COVID-19 on your business, KPMG has identified a set of short-, mid- and long-term actions to support you. In order to address the challenges that accompany crisis situations, KPMG is already working closely with many of our clients to support them in taking the appropriate actions to mitigate potentially-severe financial consequences.
We have developed an approach to identify major risks that may have an impact on your supply chain, operations, working capital, way of sourcing, and current contracts. Based on this analysis, we will then help you define the most appropriate actions to put in place for the coming weeks and months. KPMG has developed its Predictive Supply Chain Risk solution (PSCR) which is unique in combining a large amount of external data - showing real-time events that potentially impact your supply chain - with your company’s own information. It predicts the impacts of future disturbances in multiple areas, such as potential biohazard and disease outbreaks, as well as political and social events, and recommends mitigation through AI-based logic.
We’ll support you by matching our experience to your organization’s specific needs, bringing new ideas to the table, and standing alongside you through difficult decisions, so that you can continue to deliver the best possible service to your customers under these challenging circumstances.
If you’re interested in learning more about how we can work together to tackle the immediate business impacts of COVID-19, whilst making your Supply Chain future-proof, don’t hesitate to reach out and let us know. We’re here to help you maintain business continuity.