When it comes to managing a business, interruptions in the supply chain can pose a major obstacle. Supply chain disruptions can have a huge impact on companies. They can lead to delays in shipping to complete stoppage of production. These could lead to financial instability and potential loss of market competitiveness.
However, having resilience in supply chains is essential for staying afloat and remaining profitable in volatile markets. Some factors that can present risks include trade disputes, social turmoil, severe weather, and unstable market conditions.
Below are several ways to build supply chain resilience.
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