Globalised risks
The geographic spread of supply chains is greater than ever before. Adverse weather, transport network disruption and natural disasters all have ramifications.
Global threats require global solutions. A recent survey revealed 82 per cent of executives noted supply chain risk management as a key priority for their organisation, almost twice the number reported in 2003. Companies are recognising the challenge before them. Within this new strategy must be a focus on contingency plans. Careful calendar planning, for example in the case of promotional campaigns, can prove crucial in offsetting currency fluctuations and other local market issues.
As organisations recognise the changing nature of the supply chain, the investment in these key megatrends is crucial if they are to survive and thrive.
- See more at: http://www.supplymanagement.com/blog/2015/09/three-supply-chain-megatrends-you-need-to-be-aware-of#sthash.41XVhjuU.dpuf