Analyst(s): Tina Hu, Marko Pukkila, Pia Orup Lund
The COVID-19 crisis has created massive uncertainty around supply and demand, forcing many organizations to reshape their planning processes. Supply chains are being pushed to redefine short-term planning methods to use to make near-term execution-oriented adjustments to weekly and monthly plans. At the same time, too much focus on firefighting puts a longer-term recovery plan at risk. Failure to create a longer-term plan could introduce another shock into the supply chain. As a result, it is important to integrate demand and supply planning by focusing three horizons: Immediate-to short-term, short-to midterm and longer-term.
This research helps supply chain planning leaders create an agile process to manage short-term risks while preparing a longer-term recovery plan.
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