Manage Your Business

Tracking Supply Chain Crisis in 2022

Published

2 years ago

, on

2022-06-01

Rody

Table of Contents:

White House to launch a dashboard tracking supply chain crisis.

The White House website is rolling out a new Supply Chain Dashboard, to be updated every two weeks, that will track progress in easing the backlog of imported goods that has accompanied the economy’s recovery from coronavirus shutdowns. The dashboard comes as tangled supply chains have boosted the cost and limited the availability of everything from automobiles to clothing to toys.

What is Supply Chain Dashboard?

A Supply Chain Dashboard is a reporting tool used to track supply chain KPIs and metrics in a single display or interface. Supply chain dashboards track inventory levels, logistics management, and warehouse operations.

In order to ensure that your dashboards are as effective as possible, include these seven key features and functionalities:

1) Drawn from real-time data, delivering real-time analytics.

2) Customized for your business and the specific KPI’s driving the organization.

3) Self-service capability for “deep-dive” views.

4) Secure views based on user knowledge level and “need to know.”

5) Help drive decisions.

6) Shared views with outside vendors and suppliers.

7) Accessible via mobile devices.

As the COVID-19 pandemic brings companies to a standstill, the right technology can help capture reliable, up-to-date insights about maintaining supply during uncertain times.

All around the globe, this supplier crisis is creating a myriad of unexpected consequences. In Europe, crucial imports of essentials such as pasta are at risk as a growing number of port workers fall ill or take time off to care for quarantined family members. In the United States, transatlantic air freight costs for emergency personal protective equipment and medicines have surged as much as 1,400 percent amid a collapse in regular passenger flights. (About 60 percent of air freight is carried on passenger flights.) Retail giant Amazon recently sent out an urgent email to third-party sellers to detail their inventory risk and forecasts—suppliers that account for up to 60 percent of all of Amazon’s sales.