{"id":109,"date":"2020-03-11T02:36:00","date_gmt":"2020-03-11T02:36:00","guid":{"rendered":"http:\/\/newsbites.hktdc.com\/?p=109"},"modified":"2023-03-23T11:49:19","modified_gmt":"2023-03-23T03:49:19","slug":"diversify-your-supply-chain-for-robust-business-planning","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/trend\/diversify-your-supply-chain-for-robust-business-planning\/","title":{"rendered":"Diversify Your Supply Chain For Robust Business Planning"},"content":{"rendered":"\t\t
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As COVID-19 continues to spread, efforts to contain infections in China have created social and economic ripples around the world \u2013 affecting both small business owners and Fortune 1000 giants. Despite the Chinese Government\u2019s efforts to push its industries to return to work<\/a>, it\u2019s unlikely that production levels will return to normal quickly. With China\u2019s material, labour, sourcing and labour chains disrupted, does it make sense to search for new suppliers?<\/span><\/p>\n

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It\u2019s important to realise that no country is truly immune to the effects of the virus. As South Korea\u2019s experience has shown, what happened in China can happen anywhere. Before making any hasty moves, advisory firm Gartner <\/em>has outlined several prudent steps and phases<\/a> to help you re-regulate your disrupted supply chain. In the short run, focus on identifying the compromised parts of the chain and assess how customer spending is affected; then in the coming quarter, do your best to balance supply and demand while building up buffer stock.\u00a0<\/span><\/p>\n

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Should your current supplier be unable to keep up with current needs, HKTDC\u2019s Business Matching portal<\/a><\/span> can put you in touch with the region\u2019s most reputable and reliable suppliers.\u00a0\u00a0<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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More free service\/support offering to SMEs : https:\/\/smesupport.hktdc.com\/\u00a0<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

As COVID-19 continues to spread, efforts to contain infections in China have created social and economic ripples around the world \u2013 affecting both small business … <\/p>\n","protected":false},"author":2,"featured_media":4800,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[364,2],"tags":[],"class_list":["post-109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-supply-chain","category-trend"],"yoast_head":"\nDiversify Your Supply Chain For Robust Business Planning - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"As COVID-19 continues to spread, efforts to contain infections in China have created social and economic ripples around the world \u2013 affecting both small\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsbites.hktdc.com\/trend\/diversify-your-supply-chain-for-robust-business-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diversify Your Supply Chain For Robust Business Planning - 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