New Articles
  April 13th, 2023 | Written by

How to Deal with Fear of Failure in the Supply Chain Industry​​​​​​​

[shareaholic app="share_buttons" id="13106399"]

Supply chain issues have been a common topic worldwide over the last few years. Supply chains rely on a vast network of resources, technology, storage, and transportation to keep the process moving to distribution. When these processes are disrupted, it takes time to recover, which devastates providing goods and services. The United States supply chain crisis started in 2020 with COVID-19 and government shutdowns and has continued to grow due to supply and demand imbalances, lack of visibility and coordination, supplier disruptions, quality control issues, trade wars, and factory shutdowns.

Some significant products affected by supply chain issues in 2022 include groceries and food, tampons, baby food, aluminum, and semiconductors utilized for electronics. These shortages have many industries fearful of future failures within the supply chain industry. So how can companies and individuals deal with this fear of failure? We will tell you in this article.

Things are looking up

First of all, it’s important to remember that things are looking up. Supply chain issues have led to greater awareness and investment in supply chains to prevent future problems. It’s predicted in 2023 that there will be fewer supply chain issues, and we will be better prepared to handle situations as they arise.

According to Gardner, within five years, 80-90% of supply chains plan to adopt changes that will help them be more effective, such as commercial innovation, achieving sustainability outcomes, real-time decision-making, and a human-centric work design. These changes will help supply chains better meet ever-changing growth expectations. You can find some peace knowing mitigation and steps for change are taking place.

How to deal with and prepare for failure

Even with changes, fear of failure is still common for many of us. There are companies like Be in Health that can help us learn how to overcome our fears. There are some steps you can take to help you be in the right mindset to handle your fears around supply chain failure. 

These include the following:

Acknowledge and Accept

Start by acknowledging that it is normal to have a fear of failure, especially in an industry that is essential and competitive.

Find the Root Cause

Determine the specific reasons behind your fear of failure. Whether it is related to a particular project or task, invest time and seek guidance to help you through the process to help ensure its success.

Set Goals

Ensure your goals are realistic, as unrealistic goals intensify fear. Ensure your goals are aligned with your skills, resources, and timeline and are broken down into tasks that will make the process less daunting.

Have Back Up Plans

Failure will happen. To alleviate the anxiety behind it, have contingency plans in place that will help mitigate the situation and allow you to be more prepared.

Have a Growth Mindset

A growth mindset believes that skills and abilities are developed through continuous effort and learning. It allows you to view failures as a learning experience and grow from them, which creates resiliency.

Ask for Help

Successful individuals don’t learn from themselves. They learn from colleagues, mentors, and professionals in their industry. Create and foster relationships with people who will offer advice and encouragement and collaborate when needed to help you grow your skills and abilities.

Take Action

Taking action is the hardest step when you fear failure, but it is essential. Learn from mistakes and failures and utilize them to drive and develop new skills. Keep a record of your achievements to remind yourself you are capable of hard things.

Final Thoughts

Dealing with fear requires awareness of yourself and your projects, a level head, proactive planning and goal setting, quick reactiveness, and a supportive network. Remember that failure is part of the process, and following these recommendations will lead to a more resilient you and continued success.