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Watch: The Biggest Risks in Supply Chain Today
['Robert J. Bowman', 'Watch', 'Ai', 'More Than A Buzzword', 'More This Author']
SupplyChainBrain
Derek Lemke, senior vice president of product level intelligence with Exiger, lays out the biggest risks that supply chains face today.
When it comes to coping with risk, supply chains today are confronting “a little bit of everything, everywhere, all at once,” Lemke says, citing tariffs, export restrictions, availability of critical materials and geopolitical conflict as sources of disruption.
As manufacturers look to reshore or nearshore production away from China and other formerly low-cost countries, one thing remains constant: Global supply chains “are still very much interconnected,” Lemke says.
In the meantime, manufacturers need to fully understand where they’re getting their materials and components, so that they can assess the level of risk in their supply chains.
“It’s really important that organizations look at supply chain mapping not as a one-off activity, but as something that’s continuously evolving,” Lemke says