With consumer sentiment and state-level regulation affecting technic shifts within the food industry, communicating with supply chain partners, old and new, has never been more crucial. Some suppliers are in need of new buyers to divert product that is going to waste, others may be encountering operating failures, closures or unprecedented demand. Organizations need to be nimble and transparent in order to keep track of expected inventory, and to mediate gaps or excess as the rate of turns changes in response to varying aspects of the crisis.
At the same time, it's essential to foster healthy ongoing engagement with supply chain partners to build an environment in which trust, open communication, transparency and consistent support are constants. This is especially relevant during a time in which policies, guidance and regulatory actions are rapidly changing and evolving, but is also significant in relation to ongoing supplier development.
Ultimately, at the core of your organization’s success are your suppliers. Join FoodLogiQ for our live demo, Strengthening Your Supplier Relationships in the New Normal, on Thursday, May 28th at 2 p.m. for a discussion on the importance of fortifying these relationships during this time, and to learn strategies you can put into place to ensure your business is ready for what’s to come.