Understanding Supply Chain Vulnerabilities

Building a resilient supply chain starts with a thorough understanding of its vulnerabilities. This involves identifying potential disruptions, whether they’re natural disasters like earthquakes or hurricanes, geopolitical instability, pandemics, or even unforeseen supplier failures. Mapping your entire supply chain, from raw material sourcing to final product delivery, is crucial. This mapping should highlight key dependencies and chokepoints, pinpointing areas most susceptible to disruption. A detailed risk assessment, considering both the likelihood and impact of various events, should be a central part of this process.

Diversifying Suppliers and Sourcing Locations

Relying heavily on a single supplier or