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risk management

Supply Chain Risk – When Disaster Strikes

When Disaster Strikes
I am prepared for the worst, but hope for the best – Benjamin Disraeli Even in the best of relationships, things can happen that are outside of your and your supplier’s control – i.e. weather, financial downturns, labor disputes, etc. In order to minimize the supply chain risk, have plans in place to source components from multiple suppliers (in multiple locations) and consider possible substitut...