November - 2022 19logisticstechoutlook.comlocation where it is sold. Any disruption in the supply chain would compromise the entire process. Considering how much the survival of a company depends on its supply chain, it becomes essential to have a Disaster Recovery Plan (DRP) for dealing with likely disruptions to the flow of material and goods. Unfortunately, many companies do not have such a plan in place, and would not even know where to begin in creating one. Here are a few pointers to consider: Risk Analysis.Which is the weakest link in your supply chain? What poses the greatest risk? A comprehensive analysis of the end to end supply chain must be conducted. Suppliers. Do you have suppliers in the same country as your production? Do you have suppliers in multiple regions? If the primary supplier fails can you go to a supplier in another region? If that option also fails than you can go to a local supplier?Logistics Service Provider (LSP).Is your LSP part of the recovery plan? Have you done DR simulations to ensure the LSP has resources available to meet your recovery requirements? Visibility.How much visibility do you have over your supply chain? You may know where your goods, are but do you have visibility of your supplier? Do you have visibility of any challenges in the port? Do you have visibility into the transportation process? Test.Let us not forget the well said words of Ronald Reagan, "Trust, but verify". If you have a Disaster Recovery plan does it work? Do you test it regularly? And do you implement corrective measures from you learn from the test?COVID-19 is the 9/11 for supply chain. Companies must start looking at their supply chains and ensure they stay working when the next event disrupts the world order. They should work with their suppliers and logistics service provider to develop an action to mitigate all known risks. Technology is and will play even a bigger role in making the supply chain resilient. Read my article, Digitizing the Supply Chain, which will be posted in August. Until then please tell us about your supply chain DR plan, if you have ever activated it, and what you learned from it. Companies must start looking at their supply chains and ensure they stay working when the next event disrupts the world order
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