Apple’s Tim Cook is not the only CEO wrestling with production and distribution in the age of COVID.
From CEO Daily, posted Wednesday by Fortune’s Alan Murray:
Land O’Lakes CEO Beth Ford spoke virtually with the Fortune Most Powerful Women community yesterday about the disruption the pandemic is causing to the food system. “Production is not the issue,” she said . “We have plenty of food. Part of the problem is we have too much milk, too many cattle, too many hogs. What we have is a distribution problem.”
The challenge, she said, is that “over time, these supply chains were made hyper efficient. Everything was ‘just-in-time.’“ When restaurants shut down and home demand soared, “there was just not a lot of room to change… It’s not easy to change your platform because the margins are so narrow.”
My take: Too much milk! Too many hogs!