Cleveland third-party logistics company
Almost 95 percent of Fortune 1000 companies are experiencing supply chain interruptions thanks to the spread of the coronavirus, according Fortune Magazine. But our Cleveland 3PL providers know it’s not just companies like Apple and Nike that have been hit. Businesses large and small are seeing their supply chains disrupted by the rippling effects of the outbreak. In fact, those employing companies of less than 100 employees are likely going to suffer the greatest blow.
As recently reported by The Wall Street Journal, firms that rely on Chinese suppliers will obviously be affected, but even those with core operations outside of that country may feel some strain. If the spread of sickness continues, some businesses are going to see delayed goods, unfulfilled orders and unpaid invoices.
Maintaining open communication with both your suppliers and your customers during this time can help safeguard those relationships. This is true no matter what the supply chain challenge. Working with a dedicated 3PL can help lessen the repercussions.