#143-Supply Chain Management: How to Prepare for the Chinese Supply Chain Crisis with Steve Simonson

Nov 17, 2021

54:00

forum

Ask episode

view_agenda

Chapters

auto_awesome

Transcript

info_circle

Episode notes

It’s not a secret there’s been a global supply chain disruption due to the pandemic. Most business owners, myself included, are affected by it. While some have already engaged secondary supply chains in other countries, we are here to discuss how we should prepare and manage this China supply chain crisis. In this episode, we’ll see both sides of the situation and our options.

Given what’s causing this supply chain disruption is not only due to global pandemic, our businesses should be resilient to take the blow. Adapting to changes as it happens should also be included in business plans and budget. How? Let Steve enlighten us as to being resilient and knowing how to move forward when situations don’t favour us. So don’t miss out and tune in!

In This Episode:

[00:39] Welcoming Steve Simonson on the show.

[03:08] Symptoms of the problems.

[06:30] Developing critical thinking.

[11:00] Advice is to maintain.

[13:30] Moving on.

[17:45] 3 things that matter.

[20:20] Raising prices.

[27:20] Getting better.

[28:30] Paying more or investing more for the future.

[40:20] Lack of supervision breathes the problem.

[43:40] Being aware and figuring out what to do.