Supply chains inherently face levels of uncertainty. Meeting revenue targets, satisfying customers, and containing costs rely on companies being able to minimize that uncertainty and solve problems quickly and effectively.
Manufacturers and retailers often source materials, components or finished products from low-cost countries to improve cost-competitiveness, despite the greater risk of trade wars and other disruptions in extended, global supply chains.
Supply chains are all fundamentally designed to handle disruptions, routinely adapting to changing conditions. However, not every supply chain is resilient and agile enough to respond to major disruptions like those arising from the coronavirus pandemic.