Efforts to make supply chains stronger are as old as supply chains themselves, but today’s global networks necessitate a more proactive, continual, and detail-oriented approach. Even if you have a resiliency plan in place, now is the time to reassess your preparedness.
Few endeavors are more central to the pursuit of global trade than the effort to create a stronger supply chain. But despite this, far too many organizations fall victim to risks they could have mitigated.
In fact, most of the challenges supply chain leaders face are not new. Geopolitical tensions, warfare, piracy, natural disasters, pandemics, and weather events are age-old risks. What is new is the frequency with which they occur.
