Surges in COVID-19 cases and the new Omicron variant are presenting possible risks to employment and inflation. Concerns may create reluctance to work in person which may slow down progress in the employment market and create more supply chain disruptions.
Supply chain disruptions have already been creating many issues and are making it hard for producers to meet demand. In order to overcome these supply issues, there are a few things you can do to ensure your business is prepared to get ahead of these obstacles.
Place Orders Early
Giving as much time as possible when ordering will help ensure you get your desired delivery schedule. Some orders can be put in up to a year in advance so that your materials are sourced and you are positioned ahead of others purchasing the same product.
Order in Bulk When You Can
Having a larger inventory is more secure, instead of relying on monthly orders that may not always arrive on time. If you are able to order in bulk, you may get better rates for the product and likely save on shipping costs as well. An all around better situation for most businesses.
Source From a Trusted Partner
When the supply chain is under pressure, it is vital to work with partners who you know will do everything they can to make sure you get what you need. A track record of great customer service is important so you know you are receiving clear communication and expectations for your products.
Plan for Disruption
Making a plan well in advance is key during these uncertain times. Having a thought out business approach and key strategies for your business will likely save you a lot of time, money and stress in the long run.