No one can say they weren’t warned about the likelihood of a global pandemic or a war in Ukraine. And, in the light of President Xi Jinping’s recent comments at the 20th National Congress of the Chinese Communist Party, where he reaffirmed his government’s commitment to take control of Taiwan one day, no one can say that companies should not think about what comes next.
3 Steps to Prepare Your Supply Chain for the Next Crisis
Risk is often more predictable than you might think.
November 09, 2022
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Summary.
Most risks to supply chains are predictable. That means that companies can and should be prepared to handle them. It entails taking three steps: creating a world-class sensing and risk-monitoring operation; simplifying your product portfolio; and de-risking your supply chain in terms of sourcing raw materials and components; manufacturing the products; and delivering parts to the factories and the products to the customers.