In what ways is the economy impacting your company's supply chain strategic goals?

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Chief Operations Officer in Consumer Goods2 years ago

1. Economic Fluctuations: These can affect consumer demand, requiring supply chain strategies to be agile to scale production up or down.

2. Exchange Rates: These affect the cost of global sourcing and may lead to a review of supplier strategy and locations.

3. Trade Policies: Changes in tariffs or regulations can force a shift in sourcing, manufacturing, or distribution strategies.

4. Technological Investment: In a strong economy, firms may invest more in supply chain technologies like AI, automation, or IoT.

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