Rapid changes in the economy offer rare leadership opportunities to turn short-term efforts into longer-term market share gains. Take these five actions to thrive post downturn.
While total and complete supply chain risk prevention isn’t possible, the goal of SCRM will always be to minimize the impacts of supply chain disruption. In this blog, we highlight five major supply chain disruptions experienced across industries and the actions your organization can take to reduce their impact.
Reviewing and updating your risk mitigation and supply chain disruption strategies will help your company adapt to changes in international trade policies and prepare for volatility in the global economy.
If there’s one thing an organization can count on, it’s that their supply chain will experience disruption at some point in time. Executing these three actions will ensure that future disruption downside is mitigated and your resources are conserved.
Companies who implement supply chain risk mitigation strategies will effectively protect against supply chain disruption, have a competitive advantage, and sustain long-term profitability in the global marketplace.
Successful stock investing strategies have long included developing a diversified portfolio of assets to reduce overall investment risk. As with mitigating risk in your investment portfolio, mitigating risk in your supply chain can be accomplished by ensuring your suppliers and their suppliers are different companies having a host of different risk profiles thus reducing your overall supply risk.
At this moment, an organization somewhere in the world is struggling to support its customer’s demand requirements. The result from failing to meet customer demand requirements can lead to disruption in product supply, decline in sales, and harm to the company’s reputation.
This blog post is the continuation of our Identifying the Factors for Successfully Managing Supply Chain Risks – Factor 4 – Performance Metrics (Part 4 of 5) research post. Our recent study to better understand supply chain risks focused on the structure, implementation, and maintenance of a formal system for managing risks in the supply chain.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.