{"id":13205,"date":"2022-08-04T19:03:57","date_gmt":"2022-08-04T19:03:57","guid":{"rendered":"https:\/\/jboitnott.com\/?p=13205"},"modified":"2022-08-04T19:03:57","modified_gmt":"2022-08-04T19:03:57","slug":"7-strategies-for-growing-your-business-when-supply-chain-disruptions-are-everywhere","status":"publish","type":"post","link":"https:\/\/jboitnott.com\/zh\/7-strategies-for-growing-your-business-when-supply-chain-disruptions-are-everywhere\/","title":{"rendered":"7 Strategies for Growing Your Business When Supply Chain Disruptions Are Everywhere"},"content":{"rendered":"<p class=\"graf graf--p\">By now, even people who aren\u2019t involved in businesses that depend on commodities have heard of <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/topic\/supply-chains\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/www.entrepreneur.com\/topic\/supply-chains\">supply chains<\/a>. And most of them know all too well that those <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/article\/411673\" target=\"_blank\" rel=\"follow noopener\" data-href=\"https:\/\/www.entrepreneur.com\/article\/411673\">supply chains are slowing down<\/a>\u200a\u2014\u200asometimes even breaking down entirely\u200a\u2014\u200adue to global obstacles as varied as the <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/article\/349420\" target=\"_blank\" rel=\"follow noopener\" data-href=\"https:\/\/www.entrepreneur.com\/article\/349420\">coronavirus pandemic<\/a> and the <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/article\/426742\" target=\"_blank\" rel=\"follow noopener\" data-href=\"https:\/\/www.entrepreneur.com\/article\/426742\">war in Ukraine<\/a>.<\/p>\n<p class=\"graf graf--p\">Supply chains for the production and delivery of many kinds of products, raw materials, and other commodities have been affected. And while the latter has impacted consumers, the consequences are generally limited to longer wait times for the completion or delivery of something\u200a\u2014\u200aincluding <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/article\/367978\" target=\"_blank\" rel=\"follow noopener\" data-href=\"https:\/\/www.entrepreneur.com\/article\/367978\">consumer goods<\/a>, a home or a car. But for businesses, the impact can mean life or death. After all, if you can\u2019t deliver your finished products to paying customers, you won\u2019t stay in <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/topic\/business\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/www.entrepreneur.com\/topic\/business\">business<\/a> for long.<\/p>\n<p class=\"graf graf--p\">That said, <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/topic\/supply-chain\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/www.entrepreneur.com\/topic\/supply-chain\">supply chain<\/a> disruptions aren\u2019t necessarily the end of your business. With some smart planning, a little foresight, and a willingness to switch your focus, you can keep your company going and even growing while supply chain disruptions are resolved.<\/p>\n<h2 class=\"graf graf--h3\">1. Get clear on the situation<\/h2>\n<p class=\"graf graf--p\">The first and most fundamental task ahead of you is to identify and understand the root cause of the delay. A supply chain breakdown caused by some aspect of the pandemic is very different from one caused by, for example, the regulatory shutdown of a single key supplier. One is likely to last longer, while the other might be sidestepped by sourcing from a different vendor.<\/p>\n<p class=\"graf graf--p\">Another key initial task is to assess the damage being inflicted by the delay. Figuring out the extent of the problem means determining how much product has been lost and whether any part of it is still <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/article\/364736\" target=\"_blank\" rel=\"follow noopener\" data-href=\"https:\/\/www.entrepreneur.com\/article\/364736\">marketable<\/a> and saleable. Coming up with a plan is the first step in mitigating the damage and keeping income streams flowing to the maximum possible extent.<\/p>\n<h2 class=\"graf graf--h3\">2. Figure out how to move\u00a0forward<\/h2>\n<p class=\"graf graf--p\">Once you have a clear understanding of the cause and likely duration of the delay, it\u2019s important to shift your attention towards implementing a plan to move forward as soon as possible. Don\u2019t dwell on the delay. Instead, look for actions you can take or delegate right away. Explore tactics to acquire and allocate resources in a way that minimizes the impact of the delay.<\/p>\n<p class=\"graf graf--p\">As part of this process, review your order history. Track time-to-delivery and other metrics over time, then make your projections for how future delays will impact your business so you can plan ahead.<\/p>\n<h2 class=\"graf graf--h3\">3. Keep lines of communication open<\/h2>\n<p class=\"graf graf--p\">The worst thing you can do is leave customers, employees, and other stakeholders in a position where they have to guess about deliveries, schedules, and timeframes. Instead, come up with strong strategies for communicating clearly with everyone who might be impacted by the problems with your supply chain.<\/p>\n<p class=\"graf graf--p\">Even though you have nothing to do with the slowdown, it\u2019s important to acknowledge the impact on your customers, employees, and others. <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/article\/274343\" target=\"_blank\" rel=\"follow noopener\" data-href=\"https:\/\/www.entrepreneur.com\/article\/274343\">Apologize<\/a> for any inconvenience caused and give them all the accurate information you can share so they can make their plans accordingly\u200a\u2014\u200awhich is especially important to your customers.<\/p>\n<h2 class=\"graf graf--h3\">4. Focus on other aspects of your\u00a0business<\/h2>\n<p class=\"graf graf--p\">Now is the time to focus on customer service and any other aspects of your business that aren\u2019t directly affected by the supply chain problems. It\u2019s an especially good time to lean hard into customer service because those changes can last well beyond the end of the current obstacles and help you build a more loyal customer base that\u2019ll last well into the future.<\/p>\n<p class=\"graf graf--p\">It\u2019s also a good idea to take advantage of the delay to improve your business processes. Even the smallest incremental improvements can optimize your business practices. And in the face of such significant disruptions to your customer-facing operations, even incremental changes can give a significant boost to your bottom line.<\/p>\n<h2 class=\"graf graf--h3\">5. Plan for ways to deal with or prevent future\u00a0delays<\/h2>\n<p class=\"graf graf--p\">This likely won\u2019t be the very last event of significant disruption to global supply chains the business world will ever see. So after you\u2019ve implemented plans to focus on optimizing other aspects of your business processes, think about taking action to prevent future delays in your supply chain.<\/p>\n<p class=\"graf graf--p\">First, ensure you\u2019ve got a timely and effective system to track your <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/topic\/inventory\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/www.entrepreneur.com\/topic\/inventory\">inventory<\/a> at all phases of the customer journey. This will help you avoid being caught by surprise when a future supply chain delay or breakdown takes place. Look into affordable <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/article\/400307\" target=\"_blank\" rel=\"follow noopener\" data-href=\"https:\/\/www.entrepreneur.com\/article\/400307\">supply chain management<\/a> (SCM) software suitable for small businesses to help track your inventory and manage shipping to your customers.<\/p>\n<p class=\"graf graf--p\">Next, look for ways to add a buffer to your inventory counts. This won\u2019t always be physically possible or financially feasible. Take advantage of discounts and closeouts to increase your inventory when and where your company\u2019s finances and physical storage capacity allow. Also, explore possible alternatives to your usual inventory specifications. Competitors and phased-out lines can both offer affordable substitute goods.<\/p>\n<h2 class=\"graf graf--h3\">6. Keep your team motivated<\/h2>\n<p class=\"graf graf--p\">It\u2019s important to keep your team updated on how supply chain delays are impacting your company. Putting on a brave face will only go so far, especially if there are real problems you need to contend with. Communicate openly and honestly with your team, and keep them informed of any changes while remaining positive and upbeat. Don\u2019t forget to reward your team for their hard work in uncertain times.<\/p>\n<h2 class=\"graf graf--h3\">7. Don\u2019t forget to protect your physical and mental\u00a0health<\/h2>\n<p class=\"graf graf--p\">In the \u201clast but far from least\u201d category, take care of yourself. Your company has never needed your leadership more. Prioritize basic self-care, including <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.entrepreneur.com\/article\/325224\" target=\"_blank\" rel=\"follow noopener\" data-href=\"https:\/\/www.entrepreneur.com\/article\/325224\">relaxation and time away<\/a> from the office to unwind and recharge.<\/p>\n<p class=\"graf graf--p\"><strong class=\"markup--strong markup--p-strong\"><em class=\"markup--em markup--p-em\">Thanks for reading! Do you want to create thought leadership articles like the one above? If you struggle to translate your ideas into content that will help build credibility and influence others, sign up to get John\u2019s latest online course \u201c<\/em><\/strong><a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/jboitnott.com\/zh\/writing-from-your-voice-course\/\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/jboitnott.com\/writing-from-your-voice-course\/\"><strong class=\"markup--strong markup--p-strong\"><em class=\"markup--em markup--p-em\">Writing From Your Voice<\/em><\/strong><\/a><strong class=\"markup--strong markup--p-strong\"><em class=\"markup--em markup--p-em\">\u201d here.<\/em><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>By now, even people who aren\u2019t involved in businesses that depend on commodities have heard of supply chains. And most of them know all too well that those supply chains are slowing down\u200a\u2014\u200asometimes even breaking down entirely\u200a\u2014\u200adue to global obstacles as varied as the coronavirus pandemic and the war in Ukraine. Supply chains for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[701],"tags":[849,1094,417,702],"class_list":["post-13205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-growth-strategies","tag-business-growth-tips","tag-business-processes","tag-grow-my-business","tag-growth-strategies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>7 Strategies for Growing Your Business When Supply Chain Disruptions Are Everywhere - John Boitnott<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.entrepreneur.com\/article\/429837\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 Strategies for Growing Your Business When Supply Chain Disruptions Are Everywhere - John Boitnott\" \/>\n<meta property=\"og:description\" content=\"By now, even people who aren\u2019t involved in businesses that depend on commodities have heard of supply chains. 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