Supply chain disruptions can put business performance at risk, causing reputational, financial damage and a threat to organizational viability.
A deep dive into addressing the supply chain risk and the effectiveness of the controls in place for the risks that may impact the business becomes even more critical for a Chief supply chain officer.
As per a study – Companies utilizing technology in supply chain risk management increase their effectiveness in supplier risk tactics by almost two-fold.
The future of supply chain rests with digital expansion, solution selling and diverse customer expectations. Global supply chain management can contribute value amid volatility by making it easier, faster, safer and less costly for the business to evolve operations.
Managing disruptions and cost efficiency with resilience are key to the success of Global Supply chain management.
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