Globalization increases supply chain risk
SupplyChainer.com has an article that references research by Accenture and an article by InformationWeek regarding supply chain risk. The post talks about the increasing risk caused by globalization.
According to the article, “seventy-three percent of those surveyed experienced supply chain disruptions in the past five years. Of those, 94% said the disruption impacted profitability and affected their company’s ability to meet customer expectations.”
Brand owners and contract manufacturers alike should build plans to proactively manage probable disruptions to their supply chain. But, more importantly, organizations need to empower people to respond to unexpected disruptions and changes, since there is no way to possibly plan for every potentional scenario.
