HOW RESILIENT ARE YOUR SUPPLY CHAIN OPERATIONS?
A recent study by The Economist indicates that almost three-quarters (~70%) of companies do not have operations contingency plans in place to deal with the supply chain and manufacturing operations crisis. The current business environment has made it abundantly clear that agility and resilience have emerged as the most important characteristics manufacturers can develop, not just to weather the current supply chain crisis, but to emerge with the ability to thrive in the digital economy. For example, in North America, there is a US Executive Order 14017, Americas Supply Chains outlines four products & services critical to national security.
The ability to rapidly adapt to changing business conditions is critical, especially where supply chains are impacted.