Global supply chains are facing unprecedented supply chain disruption that has stretched their global operations in ways few thought they would ever see. Gartner research shows that only 21% of supply chain organizations believe they have a highly resilient network today. Increasing resilience in supply chain management will be a priority for many leaders as they emerge from the current crisis and reset strategies to anticipate disruptions as the “new normal” going forward.
Our latest report discovers the key supply chain strategies for managing emerging issues brought on by supply chain disruptions:
- A successful approach to supply chain risk management starts by understanding the organization’s willingness to take supply chain risk onboard and how it quantifies that risk against other network objectives.
- Globalization is under pressure. Enabling resilient and responsive global supply chain trends in the face of major disruptions might mean dialing back on efficiency.
- Balance cost optimization and investments in resilience. Being fully prepared for all possible crises is not a possibility for even the most well-funded supply chains, requiring redirecting vast amounts of money toward nonperforming or under-performing supply chain assets.
Download our report to dive deeper into these supply chain issues and the key strategies needed to build greater resilience.