- Part of creating resilience
is owning the capability to absorb shock,
while also building competitive advantage.
To achieve this, companies must find the right
balance between improving their cost position,
and ensuring we are ready for the rebound
with a flexible and a reliable supply chain.
This is like driving a car, with one foot on the brake,
and the other on the accelerator.
So, for an atelier for example, maybe pairing back
a physical location, while investing in e-commerce,
data and AI.
Another often overlooked element in building resilience
is the need to strengthen morale.
Within an organization, a voice, where employees understand
that failure is not fatal, but to where there is
clear accountability.
Right now, companies need to make sure the workforce,
and especially the middle management,
is empowered, knows where the organization is going.
Building commitment, engagement, and purpose,
these other things that will make a difference.