Post-COVID-19 Supply Chain Risk Management
This IDC study provides a path for supply chain executives, CIOs, and others across the enterprise to better identify risk and challenge in the supply chain, take action to address it, develop the ability to anticipate where and when problems will arise, and take measures in advance to mitigate them."Supply chain risk management is important because it puts practices in place that enable companies both to assess the possibilities of what may happen and to be ready to execute based on those events, both large and small," said Jordan K. Speer, research manager, Global Supply Chain at IDC. "Supply chain risks come in many forms — from broken down trucks to labor shortages to changing trade laws and tariffs to global pandemics — all of which pose risks to your business by preventing it from producing, moving, and delivering product in a timely fashion to the customer and consumer.""Without automation, visibility, and connectivity, your organization has taken its two most valuable assets — its people and its data — and put the former in service of the latter, instead of the other way around, which prevents an organization's ability to benefit from the greatest capabilities and features of each. Making an organization less susceptible to risk requires putting data in service of its people," said Speer.
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