Supply Chain landscape has never been more challenging. Why? Climate events and geopolitical tensions are pushing our supply chains to the brink.
But here are some ideas to help businesses deal with such challenges.
- Diversify supplier base across multiple geographies
- Establish local manufacturing hubs to reduce dependency on long-distance shipping
- Create a cross-functional “rapid response” team for crisis management.
- Invest in technology for better visibility and prediction
Think global, act local. Prepare for the worst, but stay agile.
How is your organisation building supply chain resilience? Share your thoughts and strategies.