Aiming for transparency
Lynn Torrel offers her expert guidance on building trust in your supply chain
Over the past two years , global supply chains have quite literally weathered storms , battled an ongoing pandemic , and worked tirelessly to maintain supply of core components , including semiconductors . The agility and resiliency of supply chains are now a main topic in the boardroom and beyond .
Recent events have forced almost every business that relies on the smooth and predictable flow of goods to re-evaluate their supply chain . Legacy supply chain models were considered streamlined , with a justin-time and low-profile approach that worked when conditions were just right . However , as crises and disruptions challenge the system , these supply chains have seen higher prices , longer delivery times , and in some instances no supply at all .
A critical component of business continuity and security is being able to trust in your supply chain ’ s agility and resilience . Rather than focusing exclusively on cost and supposed efficiency , premium brands are now prioritizing agility and resiliency within their supply chains to help them manage the current supply challenges . This is not a simple shift , but when done right it can allow your business to pivot and continue operating at scale in the face of unforeseen challenges .
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