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Business Resiliency
Building Supply Chain Resilience for a Business
Problem
Operating within the sustainability industry, this organization had struggled to source its raw materials from consistent, reliable suppliers, causing considerable inefficiency. This, coupled with the tension of the US-Canada tariffs, caused significant financial turmoil for the business, and they wanted to have strategies in place to ensure their long-term success.
The Qalam Approach
Qalam Consulting met with this client to understand the challenges they were facing, their goals, and organizational values. It was clear that this client required a robust strategy to ensure operational and financial success during difficult times.
Qalam began by delving into the client's industry, including an assessment of the raw material supply landscape, quality and compatibility with client requirements, and emerging risks that could affect procurement. We benchmarked competitors and found weaknesses in their supply chain, creating a strategy that capitalizes on competitive advantage. We examined how geographical barriers, supplier dependencies and logistical bottlenecks could impact their business and developed a supplier diversification plan.
We also researched various non-diluted funding opportunities for the business, identifying the most future-proof sources and connected the client to them. We discovered a gap in their operations that could put them at risk during the current geopolitical crisis, and worked on providing a solution that included financial stress testing, scenario planning, and an implementation plan.
Results
Qalam delivered a resourceful strategy for finding reliable and sustainable suppliers. Our innovative solution has significantly reduced the time spent on searching, contacting, and relying on multiple third parties for raw materials, while simultaneously ensuring a consistent long-term supply. We also addressed short-term financial vulnerabilities and equipped them with the tools to protect and grow their business even in times of uncertainty. The client was more than satisfied in knowing that Qalam went above and beyond what they asked for, to deliver results that were truly valuable.
About Qalam Consulting
Qalam Consulting is a Waterloo-based consulting firm focused on helping businesses overcome their toughest challenges. Qalam Consulting provides tailored, thoroughly researched, and results-driven solutions to clients that align with their goals, values, and objectives. The services Qalam provides include strategic advisory, financial advisory, marketing advisory, business resiliency, and market research. Qalam also offers all-in-one startup-specific advisory solutions that ensure startups receive all the help they need at an affordable price.
If you are interested in learning more about how Qalam Consulting can help your business, contact us today.
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