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The supply chain is the backbone of any business entity that can directly impact its efficiency as well as service quality. Effective supply chain management deals with the monitoring as well as the optimization of the product creation and distribution processes.
The key to developing and maintaining a steady supply chain is to align it with your business goals and objectives and that is exactly the kind of approach the Geohoney strives to adopt.
Here is what the CEO of B A Barry Group and the founder of Geohoney, Mr. Basem Barry has to say
“Geohoney has adopted a comprehensive strategy to enhance its supply chain resilience by leveraging technology, fostering collaboration and trust with the partners, and diversifying supply sources.”
This blog delves into the highly effective strategic approach that Geohoney has employed to navigate the supply chain challenges of the 21st century so keep on reading till the end.
A Little About Geohoney
Key Supply Chain Challenges Businesses Have to Deal With
Geohoney’s Strategic Approach to Navigate These Challenges
Geo-Redundancy in Operations
Enhancing Supply Chain Visibility
Diversification of the Supply Sources
Fostering Collaboration Between Partners
Leveraging Technology
Automation
Adopting Sustainable Practices
Before we move ahead let’s take a brief look at what Geohoney is all about. Geohoney, a B A Barry Group-owned company, is a global leader in green technology as well as sustainable pollination.
Geohoney aims to provide the highest quality raw honey to customers across the globe while using a business model that focuses on environmental protection and bee preservation.
Geohoney’s partnerships span over 53 countries which shows how well it has been able to manage its complex supply chain. Innovative pollination techniques as well as high-tech monofloral hives that it uses can increase the honey yield by up to 20 times.
With an aim to make raw monofloral honey a common household commodity just like sugar, coffee, or cocoa, Geohoney is working day and night to create a stronger and more robust production and distribution cycle.
Following are a few key challenges that most businesses deal with when it comes to supply chains
There is a lack of supply chain visibility which leads to difficulties in tracking supplies, finished goods, or components.
There is no open communication between the external or internal systems or personnel involved in the supply chain.
Complex demand forecasting is another big challenge that arises due to rapidly changing customer spending patterns.
Labor shortage and inflation can also lead to disruptions in supply chain operations.
Supply chain fragmentation is another big challenge that arises when you deal with multiple suppliers, distributors, or manufacturers. It can lead to disjointed operations which can hide inefficiencies and create delays.
Following are a few effective ways Geohoney has managed to navigate these and many other supply chain challenges.
Gehoney has set up multiple operational sites in different geographical locations.
This not only protects them against localized disruptions but also ensures the supply chain remains stable and the operations continue at an alternate site if one location is not able to perform.
Geo-redundancy ensures your business is not compromised by economic downturns, political instability or natural disasters.
It also takes you closer to diverse markets which leads to reduced lead times as well as fewer logistics costs.
Supply chain visibility can help you pinpoint potential disruptions and track their actual cause. Geohoney strives to create a supply chain that has end-to-end visibility which identifies bottlenecks and facilitates a more agile process.
It is using robust systems to track supplies as well as finished goods. As Geohoney has a fragmented supply chain that relies on external partners that produce monofloral honey on their farms it works closely and uses systems like automated data collection and reporting to ensure there is the highest level of visibility at all times.
Another way Geohoney has overcome the supply chain challenges is by eliminating the over-reliance on a single supplier for a specific region. By working with partners from across the continents and beekeepers from hundreds of farmers, it has been able to diversify its supply sources.
This strategy not only reduces unexpected bottlenecks but also gives Geohoney more bargaining power which is a key tool in your arsenal during price hikes or supply shortages.
A supply chain is as strong as the level of partnership between its different stakeholders. Geohoney collaborates closely with suppliers, manufacturers, logistics providers, and all the other parts of the supply chain which leads to seamless operations and exchange of information.
This collaboration cultivates a sense of mutual reliance and trust between all the stakeholders and components of the supply chain which eliminates disruptions.
Geohoney aims to integrate IoT devices, AI, blockchain, and other innovative tools to mitigate supply chain disruptions. By leveraging these tools, they are able to get real-time insights and visibility of their supply chain.
With this, they are able to make more informed decisions and provide quicker response times which minimizes the risks as well as impacts of these disruptions.
Geohoney has worked to automate processes like order fulfillment, inventory tracking, order tracking, etc. which reduces manual labor as well as errors. Using automation, it has been able to speed up processes as well as delivery times which ensures enhanced efficiency.
Modern supply chains are based on sustainable practices and Geohoney realizes that very well. It adheres to green practices like using renewable energy sources as well as recycling materials to show environmental responsibility.
With extra focus on protecting bees and helping beekeepers, Geohoney has adopted a business model that aims to create a positive impact on the environment in the long run.
Geohoney aims to employ a holistic strategy to overcome the challenges or disruptions in its supply chain. Building supply chain resilience is an ongoing process that needs your utmost care and strategic expertise.
Geohoney deals with a very complex and far-reaching supply chain with its honeybee farms spread over more than 53 countries and its customers all over the globe. This creates a very unique set of challenges that need to be addressed and resolved the right way.
The above strategies have helped Geohoney create a more efficient supply chain that guarantees the highest level of quality the customers expect.
Visit B A Barry Group today to get the best eco-friendly trading, operations, and logistics solutions for your businesses worldwide.
