Many supply chain leaders were unprepared when the pandemic hit, and businesses struggled to maintain material supply continuity. Fast forward a few years, and procurement continues to be more challenging than ever. Companies still struggle as geopolitical volatility, natural disasters and inflation disrupt supply chains in unpredictable ways making it challenging to strike the right balance between supply and demand.
Supply continuity is a complex challenge, but success is much more likely if you address key obstacles. I have outlined below several key strategies to create a more resilient supply chain:
