4 Critical Best Practices: The world is experiencing a perfect storm scenario of shortages. Below are tips to overcome these supply chain disruptions.

1. Shorten decision making: In a shortage market, you are competing with multiple industries that need common parts. If you hesitate, the available stock will disppear. Act fast, act securely. 

Give more information than you typically would to shorten the back-and-forth communication and find what you need fast. 

2. Leverage market intelligence: to make better decisions, faster, levergage maket intelligence from your trusted open market parter for a global view of the industry and actionable next steps. 

3. Factor in delays: Delays are present across the spectrum and it is in your best interest to anticipate additional time to procrure components. Keep in mind though, the fastest option may not be the safest. 

4. Keep quality as a top priority: A shortage market is ripe with opportuity for conterfeiters to take advantage of a company's dire needs and constraints. 

Continue to work with trusted partners who can navigate the open market and safeguard your supply chain through any disruption.