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3 Business Resolutions You Can Actually Keep In 2021

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The New Year of 2021 is right around the corner, and many are breathing a sigh of relief that 2020 is finally coming to a close. After a daunting, strenuous, and uncertain year for nearly everyone on the globe, the tradition of setting New Year’s resolutions can be a welcome change of pace that requires focus on the positive and a future that holds brighter possibilities that are, at least somewhat, within our control.

But if you’re like many people, your business resolutions may suffer from an eyes-bigger-than-your mouth scenario. Despite a color-coded bullet journal, habit tracker, ergonomic chair, and the best of intentions, businesses usually run out of steam within the first few weeks. And this year, there’s all the stipulations and precautions to navigate in the midst of a pandemic to also consider—things like attend 10x business networking events, etc.

We’ve put together a list of three, Covid-friendly New Year’s resolutions for business that you can actually keep amid the chaos.

Prioritize worker health and safety above anything else

Now more than ever, it’s important to make sure your employees are taken care of. Follow all recommendations such as safe social distancing, proper mask usage that is enforced, and regular hand washing.

Additionally, you can set aside time for employees to simply chat on a call wih their coworkers. For many adults, the people we work with are our main source of non-family socialization with people in our age group. If working from home is starting to make employees feel isolated and irritable, schedule time on the clock for workers to regain some camaraderie.

This is a good tactic for reputation management as well. Businesses who chose money over worker safety in early 2020 have received a lot of backlash for their actions. Many people have begun to actively refuse to purchase from brands that don’t respect their workers.

Clean up your remote work processes

If you just started with online work because of the pandemic, then you’ve likely gone through some growing pains this year. In 2021, vow to clean up your remote work processes by:

  • Managing tool subscriptions. Delete unneeded accounts to save immediate cash.
  • Creating standard operating procedures for common tasks such as blog posts
  • Choosing a unified system for all employees such as Google Drive or Slack and then communicating

Learn how to set effective KPIs

Just like personal goals, many businesses struggle with KPIs. They sound great on paper, but don’t perform their intended function in an overarching sense.

Take some time out in 2021 in order to reclaim time for years to come by doing a deep dive into goal planning and key performance indicators. Explore how to set realistic goals and KPIs that will actually gauge your success at meeting them.

Learning to set effective KPIs now can save you years of tried and failed attempts, wasted money, and trial-and-error loops that make only tiny incremental progress. Choosing the right ones and working toward them with consistency can be a gamechanger in your business if you’re used to doing everything by feeling, instinct, and happenstance. Having some measurable stats can also boost your team’s morale and keep them on track with insight into how what they do fits into the big picture of what’s most important to your company.

What are your New Year’s resolutions? At Premikati, we’re working harder than ever to make sure our clients have a wide range of features, a supplier list not to be reckoned with, and a simple interface for all of their purchasing needs. We also offer business process outsourcing in order to optimize the use of your time so you can use your time to its fullest.

What 2021 Has In Store For Supply Chain And Procurement

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As December 31, 2020 fast approaches, it’s becoming increasingly apparent that we might as well start calling the “new normal” plain-old no-modifier “normal,” because what we used to call normal is over. While that reality sets in, we turn towards 2021 with hope of redemption, some way to calm the effects of the first year of this decade. 

We’ve seen a record-breaking number of named storms this season at a whopping 30, six of which were major hurricanes. We’ve seen the rise of the coronavirus pandemic, the overburdened hospitals and overtaxed supply chains which led to no respirators and no toilet paper and a lot of desperate people. We’ve seen riots abound. And politics? Let’s not even start down that path. 

But we’ve also seen the advent of not one, but multiple vaccinations show results in fighting Covid-19, the product of researchers around the globe sharing for the greater good. We’ve seen suppliers and manufacturers rise to the occasion to protect humanity at its most vulnerable. More than any other year in recent decades, we’ve seen the innovation and sheer force of will that keep people going, growing, changing, and making progress no matter the obstacles in the way. You can see it with online schooling, work from home, distilleries turned sanitizer manufacturers, and widespread curbside pickup. As easy as it is to lose track of, as a species, we are teaming up to fight the pandemic and to support one another, as best we can from a safe social distance (six feet apart, we’re told.) 

So what do all these changes mean for supply chain and manufacturing? This segment of the economy has not escaped unscathed, and 2021 is likely to bring even more profound changes as complex ideas come to fruition in the face of a chaotic world. Here’s what you can expect: 

All eyes on supply chain, our unsuspecting heroes

Supply chain professionals tend to fly under the radar, invisibly managing the gears that keep humanity buzzing along. But when people can’t get the equipment they need to survive or maintain their basic quality of life (things like toilet paper, Lysol, hand soap, N-95 masks, and respirators, to name a few) then those who have never given a second thought to where and from whom all these sorts of items come, they start to scrutinize the why’s. 

During Covid, this has meant monitoring suppliers for ethical dilemmas such as price gouging or dangerous working conditions. Throughout 2021, expect consumers and businesses alike to offer deep scrutiny to supply chain practices as old world ways break down entirely in our now-digital economy (with our overburdened postal service.)  

Suppliers who come up with innovative solutions and respect the health of their employees will see increased loyalty and applause while people are paying more attention than ever. As is natural, bad apples will float to the top—perhaps only faster now in the mid-pandemic world. 

Expect more recognition, too, as consumers begin to see and value the role of various players in their supply chains.

A much colder supply chain

As vaccines are introduced to patients around the globe, somebody has to transport these ultra-sensitive products. Current Covid vaccines require a maintained temperature of  -70 degrees Celsius ©, or -94 Fahrenheit. With so many people at risk, and each patient requiring two doses for the vaccine to be effective, we can expect a rise in focus on transportation refrigeration technology that can sustain such low temperatures. In the same vein, a need for transparency and verifiable track records that show chain of custody, temperature consistency, etc. (probably via some IoT device paired with blockchain tech) will drive innovations among supply chain startups.

Susan Beardslee, Freight Transportation, and Logistics Principal Analyst at ABI Research has described the efforts needed to effectively supply the Covid-19 vaccines as “Herculean” and requiring “efforts beyond the actual vaccine development and approval.”

Continued volatility and increased automation

No one in supply chain, logistics, or manufacturing has been spared of the uncertainty and volatility caused by the coronavirus. Driver shortages and overburdened warehouses paired with a teetering economy make for delicate and unprecedented balance to be struck in order to stay afloat and stay relevant. Many in the supply chain realm are turning to machine learning in order to help predict what might come next and how to proceed. Some manufacturers consider lights-out factories that are fully automated—essentially, someone pops in to turn the lights out, and the robots handle the rest. 

Businesses will need to remain flexible in order to adapt to what 2021 has to offer without breaking under the weight of the chaos. 

The disappearance of smaller companies

Of course, not everyone will succeed, even if they stay flexible and do everything “right.” Covid-19 has already brought businesses to their knees across a wide range of industries. An unfortunate truth is that smaller companies often can’t face the pressure or constantly changing variables that come with a crisis-minded market.

At least in the US, government funding for small business can sometimes be finicky to navigate, and there’s no guarantee of continued support for small businesses. 

Nearshoring and Regionalization

Expect supply chain companies to look to nearshoring and regionalization to help manage logistics and cost. Companies will more frequently turn to neighboring countries for products that may have once been bought overseas. This allows for redundancy, cost savings, and strengthening and revitalization of local economies for an easier recovery from 2020’s effects. 

Some aspects of 2021 are just going to be a matter of wait and see, especially as rapidly as the world is changing in response to the pandemic. No matter the specs you need from a supplier, 

Premikati Marketplace has you covered. If you’re looking for professional services to help give you a competitive edge in today’s strange market, Premikati can help by managing your business processes using our team of experts. Reach out to us today to see how we can help your business flourish in 2021. 

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