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Key Takeaways
- The COVID-19 pandemic has affected nearly every aspect of life, including the economy and global supply chain
- Studies show that supply chain disruption will continue in the foreseeable future due to an overall increase in demand
- Performance Health understands the challenges that our customers are facing and offers a variety of solutions
Top Products in This Article
Pandemic Disruptions
What is Going on With the Global Supply Chain?
The economy is in a state of transition because of the global pandemic. As COVID-19 infection rates have decreased, businesses have started to rapidly rehire. According to research, approximately 540,000 jobs have been added since January.1 Consumers have started spending money again, and sales are at a record high. While the spike in demand is ultimately positive, it also presents challenges. Supply chain issues are particularly prevalent in the healthcare sector, due to the complexity of sourcing materials and manufacturing medical products. Components are sourced from dozens of international suppliers, and even small delays have a large impact.
Below are two figures that show the inventory-to-sales ratio as well as supply-chain disruptions by sector:1
When Will Things Return to “Normal?”
Global economists have estimated that even after the pandemic subsides, the world is going to look different than we were once accustomed to. Manufacturers worldwide face immense pressure to increase production and grow employment.2 According to Goldman Sachs, they see the world’s supply disruptions and the inflation they’re causing as temporary, with things heading back toward normal in 2022.3 Other logistics service providers estimate that the disruptions may continue over the next few years through 2023. Whatever the case may be, Performance Health offers a variety of solutions for our customers during these uncertain times.
For additional information about today’s supply chain, check out this article.
What Performance Health is Doing to Help
Low Unit of Measure Delivery
While we understand these supply chain issues are frustrating, we are committed to manufacturing, sourcing, and distributing products as quickly as possible to the point of care.
Our low unit of measure (LUM) delivery helps our customers directly purchase many of our most popular items individually instead of in bulk to help reduce inventory and the associated costs.
This aligns with the principles of Just in Time (JIT) supply chains and helps reduce the need to store high levels of materials in a warehouse at one time.
Are you looking to implement lowest unit of measure concepts to your supply chain? Check out the products below:
Performance Preferred
Performance Preferred is a program that is designed to make your shopping experience as easy as possible. Instead of sorting through hundreds of products, all you need to do is look for the “Preferred” label. Performance Preferred products are carefully selected, and include our most popular, ready to ship, and recommended products.
Spend more time focusing on your patients and shop Performance Preferred items!
Product Substitution Tool
Performance Health offers a large variety of professional quality products at competitive prices. We are working diligently to increase the speed of our supply chain and capacity to get you the products you need. Despite our best efforts, some of our items are temporarily out of stock. If you are looking for a specific product on our website and notice that it is not available, our item substitution tool can help. Follow the simple steps listed below to find other popular items that can serve as substitutes:
1. Click the “Shop Similar Products” link
2. A list of alternative products that are in stock will appear. Add the item that you desire to your cart
Online Account Management
Our online account management tool allows you to take control of the ordering process while saving valuable time and money! Below is a list of features you can use when you open an online account:
- Customized Supply Lists
- One-Click Reordering
- Multi-User Accounts
- Web Order Approval
- Personalized Pricing
- Paperless Billing
- Performance Preferred
- Resource Library
- Ask a Clinician
Performance Health has also introduced two new features that make the order process even easier.
- Our online capital purchases option helps customers place orders for capital equipment/freight items directly on the website.
- Curious to see when your order will arrive? We now offer delivery tracking, which enables you to track products, even to multiple locations using any convenient source.
Take control of supply ordering, open a Performance Health online account today!
Recap
The world economy’s supply chain problem has resulted in shortages across industries worldwide. While demand is at an all-time high, companies are struggling to keep up. Businesses are unable to hire as quickly as needed, thus making it difficult to fill orders. In addition, the complexity of sourcing and manufacturing materials from multiple suppliers internationally amplifies the problem. While it is unclear when these disruptions will subside, Performance Health offers solutions to help our customers purchase the products they need.
References
1. Helper, S., & Soltas, E. (2021, June 17). Why the Pandemic Has Disrupted Supply Chains. Retrieved from https://bit.ly/3AgLqJF
2. Shih, W. C. (2020, August 18). Global Supply Chains in a Post-Pandemic World. Retrieved from https://bit.ly/3DkJNfI
3. Murray, B. (2021, June 28). Goldman Sachs Sees Supply-Driven Inflation Retreating in 2022. Retrieved from https://bloom.bg/3v0ldy9
Medical Disclaimer: The information provided on this site, including text, graphics, images and other material are for informational purposes only and are not intended to substitute for professional medical advice, diagnosis or treatment. Always seek the advice of your physician or other healthcare professional with any questions or concerns you may have regarding your condition.
