Global companies are struggling to understand and mitigate risks across their extended supply chains in what can be considered the worst economic conditions of modern times. Their goal is to fulfill shrinking demand profitably during the downturn and be well positioned for the next growth cycle. Companies are realizing the only winning strategy in this ever-changing environment is to build a responsive supply chain, one that's more capable of dealing with severe changes in risk profiles and cost volatility, by building a visibility foundation through IT and trading partner collaboration. They're also revisiting their manufacturing and sourcing decisions to create a more balanced portfolio of low-cost and low-risk regions.
Source: AMR Research
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