Recent widespread supply chain disruptions spurred by the COVID-19 pandemic have knocked businesses around the world off balance. As organizations seek to maintain essential operations to meet high demand, their resilience and flexibility have also been put to the test.
While the pandemic has proven to be a unique, unprecedented risk to supply chains, it is certainly not the only threat. In order to have a robust supply chain, it is crucial for companies to understand and be aware of where other risks lie so they can be prepared for potential disruptions.
Here we highlight the primary threats that can leave businesses especially vulnerable in today’s evolving risk landscape: economic, political and geographic disruptions, as well as cyber attacks.