Supply chain risk comes in many forms. Now more than ever, it's critical for organizations to identify and reduce these risk factors, while maturing their ability to react to changing dynamics. This flexibility requires visibility, capability and resilience.
In these turbulent times, many are starting to plan ways to identify and eliminate areas where their supply chains are vulnerable. This includes performing supply chain risk assessments as a first step. These assessments analyze your maturity level across people, processes, technology, and partners with self-assessment exercises, and provide you with a road map to achieve your desired, risk-reduced future state.
Organizations everywhere should start by asking three critical questions about their supply chains:
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