Reimagining industrial supply chains
By virtue of COVID supply-chain fragility has been top of the news. Government-imposed orders to stay at home, international and domestic travel restrictions and the need for physical distancing have stretched supply chains and laid bare the key bottlenecks in products’ value chains. Shortages have occurred in areas ranging from basic grocery items to electronic components.
For organisations that understand the vulnerabilities in industrial supply chains, there is an opportunity to prepare for future shocks and build resilience without hurting efficiency.
This article considers the complexity of global industrial supply chains and the associated risk if companies can’t manage them appropriately and mitigate the risk of increasing disruptions.