COVID-19 | Supply Chain and the Future – Part I

Lift & Tilt Podcast – Episode 005 :  COVID-19 | Supply Chain and the Future – Part I
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Date: 4/6/20

Host: Kurt Guntner & Special Guest

Overview: Kurt and special guest sip Deep Eddy’s Lemon Vodka mixed with Topo Chico while discussing the effects of the COVID-19 pandemic on the supply chain and how the future of the industry may be changed moving forward.

Topics Discussed

1) Risk Management

Risk management and business continuity have been disrupted due to COVID-19 and will continue to dramatically change with focus on flexible work arrangements, sanitation protocols, vendor redundancies, just-in-time inventory adjustments, and crisis management teams/task forces.

2) Technology

COVID-19 will increase the deployment and adoption of technology to better automate and mitigate a labor force separated by social distancing. Data security protocols and vulnerabilities in a remote workforce will continue to be topics of discussion for organizations moving forward.

3) Market Place

The pandemic has the potential to rewrite the competitive landscape of organizations regionally as well as globally. Business continuity due to affects on the vendor supply chain and labor force will likely cause consolidation in many markets, shifts in sales seasonality, and government regulations of many industries.

Source Articles:
Supply Chain Digital | How Supply Chains can Mitigate Coronavirus Impact
https://www.supplychaindigital.com/supply-chain-management/gartner-how-supply-chains-can-mitigate-coronavirus-impact

Harvard Business Review | How Coronavirus Could Impact Supply Chain by Mid March
https://hbr.org/2020/02/how-coronavirus-could-impact-the-global-supply-chain-by-mid-march

Yahoo News | China Wants to use Coronavirus to take over the World
https://www.yahoo.com/news/china-wants-coronavirus-over-world-103022425.html

The Brew & Tasting Notes:

Deep Eddy’s Vodka – Lemon Vodka
Topo Chico – Mineral Water

“Made with real lemon juice and silky smooth Deep Eddy Original Vodka and lightly sweetened with real cane sugar, Deep Eddy Lemon is like a ray of Texas Sunshine, bringing people together for good times.”

Produced by LTS Studios, an in-house division of Lift Truck Supply, Inc. – a full-line provider of Toyota forklift equipment, service, parts and rentals. LTS – Your Forklift Accessory & Parts Headquarters