Why Your Small Business Supply Chain Can Kill Your Company And What To Do About It
A small business supply chain is fickle.
It’s held together by a thin piece of paper on the brink of entering a hurricane. At a moment’s notice, the exports of the country you buy your goods from can close, leave you with no products, and pissed off customers.
Amazon has the resources to buy chartered ships, cargo jets, and vans to zip around the world, delivering products to its mega-warehouses.
Small businesses don’t.
When times are good, a supply chain operates well, but when times are tough, borders begin to close, and conflict arises, things go to shit, fast.
The last two years have exposed how global supply chains are highly vulnerable to disruption.
So here’s where you start if you’ve thought your supply chain wasn’t worth much attention:
Don’t put all your eggs in one basket.
I teach my sales team that they can’t have all their sales coming from a couple of large accounts.
They need to diversity because no matter how great we are, there are many areas in our customer’s operation that we can’t predict.