Video: How Can We Build More Resilient Supply Chains?
June 9, 2021
The COVID-19 pandemic, a container ship running aground in the Suez Canal, a fire in a computer chip factory in Japan: these events have all caused major disruptions in supply chains. Why?
Thanks to the globalization of industry and logistics, some companies have prioritized lowest costs and highest efficiency, often losing visibility of their full supply chains in the process. That approach introduces a variety of risks and threatens companies’ ability to deliver products — and keep promises — to their customers.
So how can leaders make the right decisions to build strong, adaptable supply chains? By focusing on resilience. Here’s where to start.