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The supply chain is a critical component of any business, and supply chains must function even when things don't go as expected. Having a contingency plan enables you to react proactively if an unexpected event or opportunity, such as a surge in activity, occurs.

While planning ahead has always been important, the recent pandemic has only accelerated the need for executive contingency planning – especially as it relates to transportation, warehousing and fulfillment to meet rapidly shifting consumer demand and preferences. There are several critical components of an effective supply chain strategy.

Flexing Up or Down

When creating a contingency plan, you need to give yourself options to flex up or down as needed. We offer several resources you can integrate into your contingency plans, including rental trucks and short- and long-term leases. You can also turn to logistics providers to obtain the space you need through a dedicated or for-hire fleet.

Adding Capacity

You can boost your fleet capacity through rental trucks or short-term leases to handle fluctuations in demand. If there is a sustained increase in demand, you can invest in equipment through long-term leases or used truck purchases.