Uncertain Times Call for New Ways to Close the Gaps: Fighting COVID-19 with Automated Labeling
2020 was a year of complete uncertainty. Thrust into a continuous state of unknown thanks to COVID-19 and its worldwide impact, supply chains across the globe have been severely impacted. Access to the workforce has been diminished by quarantining measures worldwide, with productivity and accessibility to materials affected too. Businesses are looking to navigate this uncertainty and these new business challenges with as little impact as possible. This applies not just to during the coronavirus pandemic, but also after. Two major focal areas have emerged; cost optimization and consumer shifts.
The best way to mitigate disruption from COVID-19 and identify new opportunities is to run a cost optimization analysis on your business. The goal is to identify quick, medium and long term wins for your business that aren’t just cutting costs, but optimizing your operating costs for the future. A cost optimization strategy starts with executives within your business analyzing current operations as affected by coronavirus and identifying gaps that need to be addressed.