The Top 5 Mistakes Companies Make In Managing Supply Chain Risk Effectively
Severe disruptions during the pandemic caught many businesses by surprise, offering very little time to react to one emergency after another, scrambling to cope with allocations, leaping into crisis mode when shortages or delays loom, and spending wildly to procure quickly from alternate sources and expedite freight.
Black swan events such as these have made organizations rethink their strategy, moving away from a traditional reactive approach to a modern-day proactive risk mitigation approach that heavily emphasizes supplier visibility. A robust supply resiliency program can help companies build resilient, sustainable, fair, and secure supply chains that enhance brand value, a greater competitive advantage, and a quantifiable ROI.
In this playbook, we share insights into what works and doesn’t when deriving deep, long-term value from supply chain risk management.
Key Takeaways:
- Discover the top five mistakes companies make that are hurting their supply chain risk management programs
- Begin implementing our trusted expert best practices today to enhance your supply chain resiliency
- Learn how to transform your supply chain risk management strategies with our proven supply chain resilience tips
