The disruption triggered by the pandemic has prompted leadership teams to confront a new era of supply chain volatility. To improve supply chain resilience, 45% of respondents plan to shift production closer to home markets in the coming years. Two key factors that determine geopolitical supply chain risk are the supplier’s headquarters and its manufacturing location. Resilient and flexible supply chains can be a powerful defensive hedge, but also a source of competitive advantage. This is why the road map for resilient supply chains must be linked to a company’s long-term business strategy.

Source: The Edge Markets April 18, 2021 04:07 UTC