Overcoming Common Supply Chain Challenges
Supply chains have more technology at their disposal than ever before, and this is making it a lot easier to keep their complexities under control. Nevertheless, modern supply chains still face several hidden risks, and having a solid reaction plan in place can help avert disaster. Here is a look at two of the biggest challenges that all good supply chain managers must know how to face.
Weather and Other Natural Disasters
You can have all the data in the world at your disposal, but weather cannot be predicted with complete accuracy, and most natural disasters can’t be predicted at all. Unfortunately, these also happen to be the types of problems that can have widespread and devastating effects. You might not be able to know when or even if such a problem will strike, but you can put a plan in place to help minimize supply chain disruptions should the worst happen. The right disaster plan will cover all links in the supply chain and will depend on close collaboration and communication among all the parties involved. Which type of weather is most likely to have an impact on a particular supply chain? Be sure each link knows how to react to disasters so they can bounce back quickly.
Digital technologies are making supply chain management convenient, but they are also introducing new risks, and a big one is the possibility of cyber attacks. Any new systems that are introduced must be properly secured first and foremost. This is not as easy as it sounds as many new connected systems are notorious for failing to give cyber security the consideration it deserves. Watch out for threats from attachments, emails or public Wi-Fi, and make sure your staff is educated in this regard.
As supply chains become increasingly complex, planning and training become more essential than ever. Stay on top of these hidden risks and be proactive about preventing them from hurting your business.
This blog post was based off of an article from Supply Chain Digital. View the original here.