Supply Chain Resilience and Supply Chain Strengthening
Strengthening supply chains: How to navigate today’s high-stakes global trade landscape Efforts to strengthen supply chains are as old as supply chains themselves, but today’s global networks require a more proactive, ongoing and detail-oriented approach. Even if you already have a resilience plan in place, now is the time to reassess your preparedness. Also read: Stay resilient wherever you are: Uncertainty in global supply chains to persist Few efforts are more important to the pursuit of global trade than building stronger supply chains. Yet despite this, too many organizations fall victim to risks they could have mitigated. In fact, most of the challenges facing supply leaders are not new. Geopolitical tensions, wars, piracy, natural disasters, pandemics, and weather events are all old risks. What is new is the frequency with which these risks occur. Most supply chain professionals couldn’t imagine a global pandemic leading to increased ocean freight costs 1,000%persistent and far-reaching cybercrime threats, or simultaneous global conflicts. This is…
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