This is a general guide to post-pandemic business management.There is a pandemic-induced problem that seems to be a temporary problem when it is in fact a semi-permanent problem due to the potential of being a recurrent problem in the post-pandemic world. That problem is jammed supply chains. We were used to traffic jams in major cities. Now we are getting used to shipping jams in major ports. Supply chains are jammed.What is a supply chain? Basically, it is the processes and stages involved in getting a product to the final consumer. It typically starts at the raw material base, through manufacturing, assembling, shipping, distribution, deliveries, et cetera, right up to the point where the product is consumed by the final buyer.The pandemic has exposed what was not considered problematic before. Globalization and offshoring led to long supply chains. JIT systems adopted from Japan led to supply chains that can be characterized as predominantly pull chains. These are chains whereby the process of manufacturing and supplying is driven by actual customer demand. Prior to that, supply chains were predominantly of the push-type, whereby decisions about when products are manufactured and shipped were determined by anticipated customer demand. The rise of applied management theories that ruthlessly focus on efficiencies led to the obsession with reducing inventory holding costs. Why stock up huge quantities of products? Wait for orders to come in, produce quickly and deliver quickly.These efficiencies on a global scale have never been considered too efficient. World trade has boomed. More people enjoy cheap goods and services because of the establishment of functional and highly efficient global supply chains. Though the benefits are huge, a salient problem with global supply chains is that they are long and brittle, thus inherently unstable.Take any product you enjoy today; chances are high that it\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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