Read More About How To Maintain a Resilient Supply Chain in Times of Disruption
The cost of fragile supply chains is apparent when lean, rigid supply chains were challenged by the pandemic this year. Supply chain leaders are stepping up to the challenge by implementing new strategies for rapid recovery.
Supply chain disruptions can cause significant damaging losses in terms of finances (62%), logistics (54%), and reputation (54%). Nearly every midsize business saw the impacts and risks associated with disruption.
Without a contingency plan, small and midsize businesses are now struggling to adjust to an increase or decrease in demand, limited access to raw materials, delayed shipping, and more.
2020 served as a wake-up call that has caused midsize businesses to increase resilience a priority, with more than half expecting to be highly resilient within two to three years. It has reminded us that disruption happens when you least expect it and can incur significant losses in productivity, finances, and brand reputation if not adequately prepared for and addressed.
This Whitepaper includes solutions to the latest challenges:
- Maintaining Employee Health and Safety
- Managing Constrained Capacity
- Identifying Alternative Suppliers with Multi-Sourcing
- Shortening Response Times with Real-Time Visibility
- Rebalancing Efficiency with Greater Resilience