Retailers and suppliers have a responsibility to monitor their supply chains and identify vulnerable areas:
“Supply chain risk management aims at identifying areas of potential trouble and implementing appropriate actions to contain it. It’s defined as identification of risks across the supply chain through a coordinated approach among supply chain members to reduce vulnerability as a whole.”
P.S. What are you doing to take control of your supply chain? If you have concerns, know that our experts may be able to help. Contact our team today and schedule a meeting.