8 Steps to Turn Global Supply Chain Disruptions into a Competitive Advantage
Insights on How Retailers Can Adopt Key Principles to Agilely Adapt to Supply Chain Disruptions
As COVID-19 spread across the world in 2020, it exposed the vulnerability of global supply chains. Globalization has allowed retailers to reduce supply chain costs and innovate through international sourcing, however, long and complex global supply chains bring significant risks when there are global disruptions.
Today, more than ever before, it is vital that retailers adopt an agile approach to combat disruption to their global supply chains. It is imperative to have the right organization, processes, and systems in place to continuously review and adjust the flow of goods from supplier to customer. With an agile supply chain approach, retailers can rapidly and cost effectively adapt to global disruption to maintain, or even enhance, service to customers.
The 8 Steps to Turn Global Supply Chain Disruptions into a Competitive Advantage white paper outlines the ways retailers can take to turn global supply chain disruptions into a competitive advantage.