Manufacturing Sector Guidance

Covid 19 Best Practice Updates

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3 Key Considerations for Businesses When Coronavirus Disrupts Your Supply Chain

As the U.S. and countries around the world respond to the coronavirus (COVID-19) pandemic, there are steps that businesses can take to address disruptions to their supply chains. Joe Brusuelas, Chief Economist for RSM US, suggests three key areas of focus:

  1. Evaluate shifting to goods produced in North America rather than depending on trade channels from China and Southeast Asia.
  2. Consider alternative methods to transporting goods or diversifying your mix of shipping channels to include train, truck or air transportation.
  3. Determine your cash flow needs and monitor federal and state assistance programs as they are announced in the coming days.

Provided by: Harding, Shymanski & Company, P.S.C.
Read the full article from RSM US for additional details and monitor our HSC Coronavirus Resource Center for updates as they become available.


Webinars:

Managing Stress Webinar by Purdue MEP – May 11

Manufacturing Best Practices Meeting – April 27

Manufacturing Town Hall – April 23