Have you experienced supply chain delays recently? How did you work around it?

[Helen]

This article is for educational purposes and does not constitute legal, financial, or tax advice. For specific advice applicable to your business, please contact a professional.

‘Supply Chain Disruption’ - three words that no business owner wants to hear. But if 2020 taught us anything it’s to be prepared, and then prepare some more. 

If you haven’t already read it, this Town Square guide is a great overview of what a supply chain actually is and includes practical tips about managing limited stock:

Managing Supply Chain Disruptions: A Guide for UK Small Businesses

I think one of the best tips in the guide is to keep your customers informed: 

“Supply-chain disruption will inevitably impact your customers sooner or later. It may limit the variety of products they can access, or cause them to wait a little longer for goods they’ve ordered. Don’t make the mistake of burying your head in the sand and hoping that customers won’t notice. It’s essential to keep customers in the loop. Let them know what supply-chain issues your company is facing, and all you’re doing to minimise the impact on the customer.”

Have you experienced supply chain delays recently? How did you work around it? Feel free to comment below or join the Community to reply.

Pst: The Town Square article featured in this post was written with a UK audience in mind. Want to read content tailored to your area? Visit squareup.com/townsquare