According to Procurious, roughly 95% of global supply chains are disrupted as a result of the current COVID-19 pandemic. As organizations around the world are feeling the impact of the disruption and are working around the clock to source new suppliers, having a comprehensive supply chain risk strategy and plan in place is essential to ensuring business continuity and being able to deliver on customer expectations.
Supply chains are complex organisms with lots of moving parts but with a comprehensive risk strategy in place, you can:
- Avoid potentially damaging events such as shortages, outages and other disruptive consequences
- Ensure that your organization can continue to function effectively if disruption happens
- Save money and time