Globally, the supply chain that had been running like a well-oiled machine before today appeared to encounter issues beyond imagination.
This can be manifested in diverse ways; from natural disasters and geopolitical instability to raw material shortages and labor disruption, enterprises of a wide range of scales might be exposed.
Just as the ANJ (Autorité nationale des Jeux) should evaluate the deals and licenses that allow continuing casinos to welcome French players, companies in the supply chain must have resilience to deal with such upheaval.
To take the instance of Jouerenlignefr, one of the top online gaming platforms in France, the services and online gaming experience offered to the users are smooth. They tailor their services to the regulatory changes and adapt to the fluctuations in player behavior.
Through leading as an example with a focus on flexibility and innovation, Jouerenlignefr’s platform demonstrates that companies in all industries can thrive in volatile situations by adapting their operations in a way that will still allow them to continue to function.
This reflects concrete measures that players get access to, such as an improved security system, a diversity of the game skills, special bonuses, and customer service, with all this creating an exciting gaming environment.
This article focuses on the present supply chain disruptions situation, what effects come with and how to develop a more robust supply chain, below are suggested what you can do.
The Landscape of Disruptions
The state-of-the-art technology includes a network of very sophisticated and interrelated operations and processes, crossing thousands of miles and covered by dozens or even hundreds of involved stakeholders. This very complexity creates vulnerabilities to a wide range of disruptions, including:
Natural Disasters
Indeed, a hurricane, flood, or earthquake can cause a serious failure in local transportation networks and the production of the affected region. The World Bank endorses a 2023 research that reports that natural disasters hit the global economy an average of $500 billion a year.
Geopolitical Tensions
Exchange battles, bans, and political turmoil at times could create trouble in the conduction of product transfer between different countries. For example, recently agreed-upon peace between Russia and Ukraine has already led to the occurrence of shortages in the supplies of metals and wheat.
Raw Material Shortages
Growing consumption where the material is produced in a limited amount may very well lead to a market shortage and raise the products’ prices and shipping delays. The automotive and electronics industries are the most hit by interruptions in supply chains with the recent chip shortage.
Labor Disruptions
Labour strikes, workers’ shortages, and labor regulation changes will all influence production and shipment timetables.
Subsequent problems can have a snowball effect; this may pose problems as they result in delays as well as stock-out and price increases for businesses as well as individuals.
The Impact of Disruptions
Both opportunities as well as risks emerge for businesses as a result of supply chain disturbances. Here are some potential impacts:
Production Delays
Abruptness might yield a shortage of raw materials and parts as the manufacturing continues with held-up production lines and missed deadlines.
Inventory Issues
Organizations and enterprises will experience negative impacts such as failing to keep sufficient stock, stock-outs, and consequently lost sales.
Rising Costs
The disruptions can increase the price of raw materials, transportation, and labor and, consequently, producers that will transfer these higher prices to the consumers.
Customer Dissatisfaction
Customers get delayed, some may not be able to find what they need or prices may skyrocket from logistic issues. This can lead to the loss of customers and their brand loyalty.
For example, the minimization of delivery disruptions of online casinos in France by having some games or software updates unavailable would be the case. However, the ANJ exercises its opposite responsibility toward responsible gaming practices, the mitigation of these image disruptions shall be accomplished for an on-going favorable player experience.
Energy and Water Insecurity’s Effect on Supply Chain Resilience
While disruptions are inevitable, there are steps businesses can take to build a more resilient supply chain:
Diversification
Try not to concentrate on one source or one channel but instead distribute your suppliers and pay attention to the opportunity for alternative sources of components.
Inventory Management
Establish rigorous inventory control procedures to avoid stock-outs and shortages and minimize their effects on patients as well as pharmacy owners.
Demand Forecasting
Create an accurate customer demand forecasting model that senses and adjusts production plans continually.
Collaboration
Increase engagement with suppliers, logistics companies, and other related parties and develop coordination within the supply chain.
Technology Adoption
Implement modern technologies such as supply chain management software and data analytics that allow you better insight into your supply chain and the ability to detect disruption risks at the earlier stage.
Similarly, online gambling in France minimizes its risk through successful, responsible gaming practices and ensures a harmonious operating environment by compliance with the regulations.
Therefore, enabling supply chain resilience is a continuous and lengthy process that also requires evaluation, adaptation, and investment. The practice can be effective by employing different strategies, including working with many suppliers, investing in technology, and ensuring that one has good relationships with the partners.
Thus, they can withstand any problems and come out of problems strongly.
Article and permission to publish here provided by Bertrand Kamet. Originally written for Supply Chain Game Changer and published on May 21, 2024.
Cover image provided by Bertrand Kamet.