March 17, 2020 • Page 6 shop online at www.missourivalleyshopper.com DOH Continues Statewide Effort To Prepare For COVID-19 Supply Chain Expert: Watch For Counterfeit Goods And Start Managing Risks Around Coronavirus RAPID CITY, SD — The run on toilet paper, hand sanitizer and face masks at retail outlets around the nation is one example of the kind of supply chain disruption businesses need to prepare for as the coronavirus outbreak evolves. The public fear around the coronavirus is coupled with the closing of factories and ports at major manufacturing centers around the world. The resulting supply chain disruptions have sent a shock wave through markets. All of this is leading to significant uncertainty for investors, managers and owners. Daniel Stanton, author of the book Supply Chain Management For Dummies, is an entrepreneur in residence at South Dakota School of Mines & Technology. He says it’s never too late to start managing risks. “Right now, every manufacturer, distributor, retailer and logistics company should have a rapid response team in place that is monitoring the news and keeping track of their supply chain. These folks need to connect the dots quickly to identify how the coronavirus is evolving and respond in ways that minimize the impact to your supply chain,” he says. Stanton says business owners and managers should strive to get one step ahead of the evolving situation. “I think too many leaders are taking a ‘wait and see’ approach, instead of responding proactively. Yes, there are a lot of unanswered questions. But there are also a lot of things that we’re pretty sure about, such as how the disease is being spread. We also know it is going to get worse before it gets better,” says Stanton. “The good news is that most companies have a lot more inventory in their supply chains than they realize, and this acts as a shock absorber when there’s a short disruption. But the longer that the coronavirus outbreak goes, the more likely we are to start seeing shortages of all kinds of products. Small companies in particular are going to run into financial difficulties if their cashflow is disrupted for a long time. Stanton is the company president and cofounder of SecureMarking, Inc. His business provides a powerful new tool for manufacturers, YOUR RADIATOR HEADQUARTERS! • Great Parts • Great Warranty On-Hand & In-Stock! NO WAITING! Cox Auto 1007 Broadway Ave Yankton, SD distributors and their customers to combat the growing threat of counterfeit, black market and grey market products in global supply chains. The technology behind SecureMarking Inc. was developed at South Dakota Mines. Stanton says the supply chain disruption opens the door for more counterfeit goods. This doesn’t just mean brand name items. It could also threaten important safety components inside the electronic goods we use every day. “Any time that there are shortages of legitimate products in the marketplace, it creates an opportunity for counterfeiters,” says Stanton. “Companies become desperate to fill orders and may “relax” their procurement rules and quality standards. That creates the risk of contaminating the entire supply chain with fake and low-quality materials, which can do even more damage than the original disruption.” For average consumers, this also means uncertainty. Stanton says the public often takes supply chains for granted. “People don’t realize where the things we buy come from, and how many people are involved in the process,” says Stanton. “When there’s a disruption that prevents people from coming to work, sooner or later that gets felt by their customers — the folks downstream in the supply chain. But it also gets felt by their suppliers — the folks upstream in the supply chain. Because if your customer isn’t making and selling their own products, then they aren’t going to buy materials from you, either.” Stanton, PMP, CSCP, SCPro, MCSE, MCP, MBA, M Eng, is a global executive with expertise in supply chain management and project leadership. He has worked with Caterpillar, the U.S. Navy, APICS (now ASCM), MHI and several smaller firms. He is an alumnus of South Dakota Mines and has also been a professor at Bradley University, Jack Welch Management Institute and National American University. Stanton is recognized as a LinkedIn Learning Insider, a "Pro to Know" for Supply & Demand Chain Executive Magazine and a Supply Chain Futurist for IBM Sterling Supply Chain. PIERRE, S.D. Governor Kristi Noem and the South Dakota Department of Health (SDDOH) today hosted a web discussion with more than 600 South Dakota health professionals to highlight statewide efforts to prepare for COVID-19, commonly known as coronavirus. “For the general public, the immediate health risk from COVID-19 is low,” said Kim Malsam-Rysdon, Secretary of Health. “However, we know that an ounce of prevention is worth a pound of cure. South Dakotans can help stop the spread of germs by washing hands often, covering coughs and sneezes, cleaning surfaces regularly, and staying home if you are sick.” To proactively protect and prepare South Dakota for coronavirus, Noem and SDDOH has: •Commissioned an agency taskforce for coordination and planning with partners and other state agencies; •Developed an action Buy Local! Shop the Classifieds! Want your business to be seen? Get your display ad here! 605•665•4494 TRUCKLOAD SAVINGS! NO CLUB TO JOIN - NO FEES TO PAY - JUST THE LOWEST PRICES! Call 605-665-5884 Or Drop By At 319 Walnut St. HURRY IN FOR BEST SELECTION WHILE SUPPLIES LAST! Prices Good March 15 – March 21, 2020. EVERYDAY LOW PRICE 10.99 MAIL-IN REBATE 4.00 FINAL PRICE 6 99 each WORLD'S FINEST COFFEE IMPORTED FROM ITALY! Ranieri Mediterranean Extra Virgin Olive Oil • elect Mediterranean blend S of extra virgin olive oils from Italy, Greece Spain and Tunisia - 2 liter 574-9724 Limited to stock on hand. 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