In 2020, the U.S. supply chain experienced significant disruption, particularly during the early months of the COVID-19 pandemic. The impact was sizable, with shortages of paper goods, food items such as meat, and certain cleaning supplies and other essentials. At the same time, national and state-wide lockdown mandates led to the temporary (and in some unfortunate cases – permanent) shuttering of many physical-location retailers. Virus fears caused shoppers to head online to order food, medicine, and other goods, leading to an unprecedented boom to eCommerce.
As the U.S. and over 180 countries worldwide shut down due to SARS-CoV-2, the fast-spreading virus strain that causes COVID-19, many businesses were forced to immediately shift into survival mode, as a “non-essential” workforce in certain states either went on unemployment or, adopted to working from home (WFH). The arrival and fast spread of Covid-19 and the subsequent national shutdown hit our nation and the world in ways not seen in generations. The role of technology during this crisis will be studied substantially in the future and, no doubt, the technological leap caused by the COVID-19 pandemic will likely make 2020 the year that changed the trajectory of technological tools used for business, such as cloud computing, e-commerce, mobile, and remote work.
As current circumstances continue to unfold, many businesses are preparing for what could be the new norm. Those who have already taken the steps to protect their customers and employees by implementing a smart and solid BCP foundation are in the best position to ride out the current disruption. Those who have not undertaken a BCP may want to do so as soon as possible. The health your business may depend on it.
As tariffs continue to increase, companies needs to look inward to optimize business processes and free up resources to focus on growing the business. Investing in an ERP solution is the perfect first step in making this change.
Exciting times are directly ahead in the ERP world, and we’re looking forward to seeing how these predictions take shape as 2020 unfolds. As we prepare to celebrate the incoming year, we’re also setting our sights on what’s ahead in the complex and fast-changing world of technology and in particular, what’s upcoming in the Enterprise Resource Planning (ERP) software space.What will be the driving forces within the ERP industry in 2020? Take a look at these predictions that are an assessment of what we see ahead for the ERP marketplace.
As technology is rapidly incorporated in our everyday lives, it is not only changing the way we live, but also the way we work. If you can’t say yes to the following statements, then it may be time to find an ERP solution whose technological advancements can help streamline your business.