As leaders look intently at 2021 and beyond, they’ll do so with an added appreciation for the ability of their supply chains to weather storms on multiple fronts. Updating your commodity strategy to mitigate more risk will be a critical building block.
Smart and nimble companies are moving quickly to implement these four strategies to limit the damage caused by supply chain disruptions.
It’s not uncommon for supply disruptions to occur that significantly impact your supply chain operations. Having a solid supplier diversification strategy in place will help to reduce this risk and maximize your manufacturing and production uptime.
Stages of rapid change require predictive information so we can take swift action to win in the future. Act now to track the right metrics across your tiered supply base to enable proactive supplier risk management to thrive during times of economic volatility.
As a wide range of industries turn on production lines after the mandated COVID-19 shutdowns, they’ll do so with strained supply bases. We must quickly embrace our new normal and reduce supply risk if our businesses are to succeed in the days ahead.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.