Digital supply chain visibility needed to rebuild after COVID-19: WMG and Blue Yonder warn manufacturers
Manufacturers must unlock supply chain visibility to rebuild after the COVID-19 pandemic, WMG and Blue Yonder are warning as a result of WMG research conducted with almost 250 manufacturing companies revealing that lack of visibility and workforce issues are creating the biggest supply chain bottlenecks.
Brexit and COVID were two major disruptions to manufacturers’ supply chains, however, a consortium of academic and industry partners including WMG, University of Warwick has identified key ways to build supply chain resilience.
A research team, including WMG at the University of Warwick, led by Swansea University College of Engineering, are developing a pilot online marketplace designed to optimise manufacturing supply chain networks and create a new industry-wide business model.
As the UK entered lockdown in March 2020 as a result of the Covid-19 pandemic, panic buying of essential items including tea caused a massive spike in demand. With demand for products doubling in some instances, many companies struggled to keep up with supply, but Tata Consumer Products Ltd (TCPL), the parent of the Tetley tea brand in the UK, managed to keep tea on the shelves, with thanks to help from WMG, University of Warwick.
Manufacturers leverage supply chain practices developed in response to COVID-19 to prepare for Brexit
The COVID-19 pandemic has affected many people across the world, one particular way includes supply chains, some people found they couldn’t buy pasta or loo roll, and it was the same for manufacturers, who suddenly had to change their strategies to ensure their supply chain during the pandemic. A survey by researchers at WMG, University of Warwick saw 250 mid to large manufacturers from food and beverage to automotive, and pharmaceuticals to electronical equipment and more industries respond to the survey about their supply chain resilience in the current state and future potential.