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The effects on supply chains when organisations need to diversify

We recently identified that managing your supply chain in the current climate is critical to your organisation’s future. But for many organisations, it hasn’t stopped there.

The negative impact of global events on an organisation’s financial position or reputation is potentially huge, even devastating, but many organisations are seizing the initiative and stepping up to manufacture much needed new items.

It is clear that, in unprecedented times such as these, some businesses are better set-up for change than others. Huge international companies such as Dyson are now changing their processes, and supply chain, to make ventilators to help the fight against Covid-19.  Fashion companies from Dior to Burberry, to Nordstrom are now making protective masks and gowns. Proactis customer Honeywell has expanded its production and the aerospace facility will now manufacture N95 masks for Covid-19.

Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and financial performance by enhancing the way they buy various goods and services.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.