Supply chain catastrophes have wreaked havoc on small and large businesses alike – including the chicken shortage of KFC. Small businesses have an especially difficult time keeping their inventory reliably supplied. To avoid emergencies, take advantage of the unique benefits of small businesses. First, small businesses can make decisions quickly compared to large corporations with paperwork and competing perspectives. They can be flexible with vendors, timing supply orders, and shipment options. They also can develop more personal relationships with suppliers. Small businesses rely on supply chains that are less protected than larger corporations, but that doesn’t mean they can’t overcome supply chain challenges.
- Small businesses generally don’t oversee the entire shipping process and up to a third and more experience late deliveries.
- Although technology is changing the shape of supply chain logistics, many smaller businesses continue to rely on spreadsheets.
- Smaller enterprises may lack teams of experts, But they also have fewer chefs butting heads in the kitchen, which can make for quicker decision-making.
“A solid manufacturer is an invaluable resource for entrepreneurs, as is a trustworthy logistics provider”