Moving into 2020, companies are setting new goals to improve and ultimately transform the supply chain. The fact is, consumers are constantly expecting faster and more efficient services. What does this mean for the supply chain? As user experiences become increasingly focused on convenience, the supply chain must become increasingly agile to adapt to shifting standards of operation.
Risk management is not just about setting up processes and governance models. It entails agility through understanding shifts in culture. While focusing on some of these challenges and opportunities we have outlined, organizations can capture value fully in their risk management strategy and mitigate crises.
While China operations slowly come back online, the global supply chain risk is far from over. Organizations have been getting rocked with unforeseen supply chain disruptions from the coronavirus outbreak and supply chain vulnerabilities. The challenges of supply chain risk management amidst the viral outbreak are being exacerbated by globalization.
Moving into 2020, companies are setting new goals to improve and ultimately transform the supply chain. The fact is, consumers are constantly expecting faster and more efficient services. What does this mean for the supply chain? As user experiences become increasingly focused on convenience, the supply chain must become increasingly agile to adapt to shifting standards of operation.
Innovation, communication technology, and policy changes are some of the key driving factors behind today’s globalized business landscape. Free trade has fostered interdependence and interconnectedness of nations. While the business of trade becomes progressively more globalized, there is no facet of a business more affected by the shifting ecosystem than the supply chain.
