<p><span style="font-weight: 400;">Do you remember the toilet paper panic buying scenario during the onset of the pandemic? </span></p> <p><span style="font-weight: 400;">Since the beginning of the pandemic, supply chains have been making headlines. The supply chain struggles have affected most of us in one way or another. And if you’re following up on what’s going on with the baby formula shortage right now, it’s an undeniable fact that supply chains significantly impact our society and economy. </span></p> <p><span style="font-weight: 400;">Supply chain strains are caused by various factors, from shutdowns and the rising cost of production, to trucker issues, warehouse, and worker shortages, reduced inventories, inflation, and a whole lot more. </span></p> <p><span style="font-weight: 400;">From a business standpoint, this could become a major problem over time – and contracts play a huge role in improving your supply chains while reducing the risks involved.</span></p> <p><span style="font-weight: 400;">In this episode, we discuss how you, as a business, can better your supply chains with better contracts. We also outline other things to consider when renegotiating your supplier contracts, which is especially relevant in this post-pandemic world. </span></p> <p><span style="font-weight: 400;">Finally, we can’t stress enough the importance of having transparent communication about your supply chain issues with your potential purchasers.</span> <span style="font-weight: 400;">Transparency helps you meet your compliance obligations. It also better manages your consumer expectations thereby maintaining trust, protecting your brand, and reducing complaints or negative reviews.</span></p> <p><strong>In this episode, you will hear:</strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why transparent communication with consumers important</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Ways to improve your supply chains</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Benefits of supplier diversity</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">How to diversify your portfolio contract</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Ways to reduce the risk of forced labor</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Key factors for success in reshoring lines</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Clauses to include when you're renegotiating your contract</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Considerations when you have a direct-to-consumer delivery model</span></li> </ul> <p><strong>Subscribe and Review</strong></p> <p><span style="font-weight: 400;">Have you subscribed to our podcast? We’d love for you to subscribe if you haven’t yet. Each week, we share authentic discussions with business leaders where they flesh out substantive issues while also getting deeper into their stories. We’ll dive into conversations on the fusion of business and humanity, success and authenticity, and the challenges of balancing life and work, in addition to regularly sharing legal updates and substantive content.</span></p> <p><span style="font-weight: 400;">We’d love it even more if you could drop a review or 5-star rating over on</span> <a href= "https://podcasts.apple.com/us/podcast/the-cgl-podcast/id1534354499?at=11lo6V&ct=podnews_podcast"> <span style="font-weight: 400;">Apple Podcasts</span></a><span style="font-weight: 400;">. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. </span></p> <p><strong>Supporting Resources:</strong></p> <p><a href="https://cgl-llp.com/"><span style= "font-weight: 400;">https://cgl-llp.com/</span></a></p> <p><span style="font-weight: 400;">Email:</span> <a href= "mailto:[email protected]"><span style= "font-weight: 400;">[email protected]</span></a><span style= "font-weight: 400;"> </span></p> <p><strong>Episode Credits</strong></p> <p><span style="font-weight: 400;">Script drafted with help from</span> <a href="http://www.obitermarketing.com"><span style= "font-weight: 400;">Obiter Marketing</span></a></p> <p><span style="font-weight: 400;">If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at</span> <a href="https://emeraldcitypro.com/"><span style= "font-weight: 400;">https://emeraldcitypro.com</span></a><span style="font-weight: 400;">.</span></p>
