First of all, we are looking at some initiatives that we see having a very short-term focus, which are essentially based around planning the reaction: learning how to manage contact tracing, supplier risk assessment, cash-flow modelling and remote working.
But we know that after these few months where everything has been frozen, a recession is impending. Actually, we expect a lot of market disruptions and a very bumpy road ahead.
Therefore, companies plan to adapt to these circumnstances by raising their operational agility and their demand-sensing capability. Most “second wave” initiatives cover these two aspects: improved S&OP; production scheduling, operational instrumentation and analytics.
After that long valley of disruption, economic recovery will eventually emerge, but the other side of the “U” will be different. We are talking about a “next normal”, and companies are already planning their transformation journey.
New Ways of Working
For example, there are a number of initiatives that pertain to enabling new ways of working. As we see from the multiple announcements companies have released, they are already working hard in re-assessing their processes and making them fit for purpose for a socially distanced world.