Three Tips for Implementing a New Supply Chain Strategy
Constant disruptions to the supply chain have become the norm in recent years. Proactively implementing strategy adjustments to minimize instabilities helps to maintain a smoother flow of product and greatly lowers the impact on both customers and the bottom line.
Looking at sourcing certain products more regionally as opposed to globally may be more sustainable for a company when faced with tight delivery times, unexpected increased lead times, or when a critical product is suddenly in higher demand. Diversifying product sources and having multiple suppliers for the products minimizes unexpected disruptions and lowers the potential financial risk of costly emergency shipments.
Supply Chain Brain explained further tips and insight, read more here: https://www.supplychainbrain.com/blogs/1-think-tank/post/35533-three-tips-for-implementing-a-new-supply-chain-strategy