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Thoroughly map your supply chain to uncover risks. To mitigate them, line up alternative supply sources in diverse locations or increase stocks of critical materials. Revisit your product...
The challenge companies now face is to make their global supply chains more resilient without weakening their competitiveness. But how can organizations do this?
The COVID-19 pandemic exposed the vulnerabilities in the production strategies and supply chains of firms everywhere. Coupled with a rise in economic nationalism, manufacturers everywhere are going to be under pressure to rethink their sourcing and logistics strategies.
This article provides advice to make your supply chain more resilient without sacrificing competitiveness. Start by mapping the full extent of your supply network to identify both direct and indirect sources.
Coupled with a rise in economic nationalism, manufacturers everywhere are going to be under pressure to rethink their sourcing and logistics strategies. They need to analyze their risk exposures, and then think about how to improve their resilience.
A July 2020 survey of senior supply-chain executives reveals that 93% plan to increase supply-chain resilience; 54% expect changes to supply-chain planning; and a staggering 90% plan to enhance digital supply-chain tal-ent in-house.
This article provides advice to make your supply chain more resilient without sacrificing competitiveness. Start by mapping the full extent of your supply network to identify both direct and...
The COVID-19 crisis put supply chains into the spotlight. Over the past year, supply-chain leaders have taken decisive action in response to the challenges of the pandemic: adapting effectively to new ways of working, boosting inventories, and ramping their digital and risk-management capabilities.
A global supply chain reshuffling is underway as companies seek to diversify their distribution networks in response to pandemic-related shocks, says research by Laura Alfaro. What do these shifts mean for American businesses and buyers?
Here are five ways the supply chain has changed thanks to COVID-19. 1. Supply chain now a key focus of the C-suite. The supply chain finally has the C-suite’s attention, and chief supply chain officers are its new stars. In October, corporate CEOs in a McKinsey survey for the first time identified supply chain turmoil as the greatest threat ...