The current COVID-19 pandemic has led to a
devastating socio-economic predicament, which has
resulted in the temporary closure and collapse of thousands of businesses
across the globe. The quicker companies can respond to the current pandemic
situation, the more likely their chances of surviving in the short or long
term. Businesses around the world are compelled to make significant changes to
their business operations, such as downsizing, product, and service
diversification. To address these changes quickly, companies need to adopt or
capitalize on their business intelligence strategies through agile risk management, artificial intelligence systems, and
data analytics to help make informed decisions to enhance business operations
amid COVID-19. This article outlines some practical and theoretical
recommendations of business intelligence strategies for organizations and their
service supply chain network on how to be adaptive, flexible, and
innovative to survive and stay competitive during these challenging times by
leveraging agile dimensions, artificial intelligence systems, and data
analytics.
References
[1]
Alcorn, C. (2020). These Companies Are Hiring Thousands of New Employees during the Coronavirus Pandemic.
https://www.cnn.com/2020/03/23/business/coronavirus-companies-hiring/index.html
[2]
Baltacioglu, T., Ada, E., Kaplan, M. D., Yurt, O., & Kaplan, Y. C. (2007). A New Framework for Service Supply Chains. Service Industries Journal, 27, 105-124.
https://doi.org/10.1080/02642060601122629
[3]
Bartash, J. (2020). Jobless Claims Jump Another 4.4 Million—26 Million Americans Have Lost Their Jobs to the Coronavirus.
https://www.marketwatch.com/story/jobless-claims-jump-another-44-million-25-million-americans-have-lost-their-jobs-to-the-coronavirus-2020-04-23
[4]
BBC (2020). Coronavirus: iPhone Manufacturer Foxconn to Make Masks.
[5]
Blume Global (2020). How Artificial Intelligence Improves the Supply Chain.
https://www.blumeglobal.com/learning/artificial-intelligence
[6]
Cappelli, P. (2008). Talent Management for the Twenty-First Century. Harvard Business Review, 86, 74-81.
[7]
de Smet, A. (2017). Untangling Your Organization’s Decision Making.
https://www.mckinsey.com/business-functions/organization/our-insights/untangling-your-organizations-decision-making
[8]
Desai, D. (2020). COVID-19: How Canadian Restaurants Became Online Grocery Stores to Cater to Pandemic Demand.
https://www.theguardian.pe.ca/news/canada/covid-19-how-canadian-restaurants-became-online-grocery-stores-to-cater-to-pandemic-demand-438874
[9]
Ellram, L. M., Tate, W. L., & Billington, C. (2004). Understanding and Managing the Services Supply Chain. Journal of Supply Chain Management, 40, 17-32.
https://doi.org/10.1111/j.1745-493X.2004.tb00176.x
[10]
Evans, P. (2020). Canada Lost More than 1 Million Jobs Last Month as COVID-19 Struck.
https://www.cbc.ca/news/business/canada-jobs-march-covid-19-1.5527359
[11]
Fruhlinger, M. K. P. (2019). What Is Business Intelligence? Transforming Data into Business Insights.
https://www.cio.com/article/2439504/business-intelligence-definition-and-solutions.html
[12]
Gorzelany, J. (2020). Car Sales and Service Providers Are Embracing Home Delivery Models in the Age of COVID-19.
https://www.forbes.com/sites/jimgorzelany/2020/03/24/car-sales-and-service-are-embracing-home-delivery-models-in-the-age-of-covid-19/#534f8771799f
[13]
Hudes, S. (2020). COVID-19: One-Third of Businesses Fear They’ll Permanently Close within a Month.
https://calgaryherald.com/business/local-business/one-third-of-businesses-fear-covid-19-could-lead-to-permanent-closure-within-a-month
[14]
Imanuel. (2014). Top 13 Supply Chain Analytics Software.
https://www.predictiveanalyticstoday.com/top-supply-chain-analytics-software
[15]
Meehan, L., & Colette Seidel, M. (2019). Flat vs. Hierarchical Organizational Structure. Chron.com. Chron.
https://smallbusiness.chron.com/flat-vs-hierarchical-organizational-structure-724.html
[16]
Mich, D. (2020). Ford Works with 3M, GE, UAW to Speed Production of Respirators for Healthcare Workers, Ventilators for Coronavirus Patients.
[17]
Morrison, S. (2020). Ford and GM Are Making Tens of Thousands of Ventilators. It May Already Be Too Late.
https://www.vox.com/recode/2020/4/10/21209709/tesla-gm-ford-ventilators-coronavirus
[18]
Pontius, N. (2020). Top Supply Chain Analytics: 50 Useful Software Solutions and Data Analysis Tools to Gain Valuable Supply Chain Insights.
https://www.camcode.com/asset-tags/top-supply-chain-analytics
[19]
Trieu, R. (2020). 5 Ways Companies Are Pivoting Manufacturing to Help Fight COVID-19.
https://www.autodesk.com/redshift/manufacturing-covid-19
[20]
Voytko, L. (2020). Coronavirus Layoffs: Lyft, Boeing Latest to Cut Workers amid Pandemic.
https://www.forbes.com/sites/lisettevoytko/2020/04/29/coronavirus-layoffs-boeing-cuts-10-of-workforce-amid-pandemic/#7ebaf2863487
[21]
World Economic Forum (2020). This Is How Much the Coronavirus Will Cost the World’s Economy, According to the UN.
https://www.weforum.org/agenda/2020/03/coronavirus-covid-19-cost-economy-2020-un-trade-economics-pandemic