Do You Get Supply Chain “Surprises?”

from scdigest.com

Risk is an important topic in business today, and supply chain management is right in the middle of discussions about risk. Potential disruptions – of moderate to major consequence – are more likely today than 20 or even ten years ago, for reasons that include:

  • Supply chains lengthening and becoming less robust
  • Natural disasters occurring at an increasing frequency
  • Terrorism rising
  • And who knows what’s coming next

These factors can lead to significant disruptions of the demand/supply balance, and they often come with little or no warning. They’re “surprises.” And, actually, surprises can be not only bad surprises, but also good ones – provided they’re managed effectively.

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