SUPPLY CHAIN STRATEGIES
While facing ongoing disruption across the world, businesses need to have confidence in their own supply chains. For a multinational company like Kraft Heinz, this can be incredibly difficult.
As the third-largest food and beverage company in North America, the company has an expansive supply chain. This puts it at risk of disruption and supply chain fragmentation. To avoid this, end-toend visibility is key. Gaining these insights allows businesses to see which suppliers are at risk and how they can gain more control over their supply chain.
The visibility gap Until the last few years, global organisations had been confident in their supply chain stability. Now, following a constant stream of geopolitical disruption, businesses are turning towards supply chain visibility tools in order to spot risks as they arise.
In its Global Supplier Risk and Sustainability Survey, Achilles – a global leader in risk management and business intelligence – examines where visibility gaps still remain.
According to the report, only 6 % of organisations state they have full visibility into Tier 2 and Tier 3 suppliers. Ongoing disruption and regulatory expansion are consistently adding new levels of complexity to businesses.
“ Supply chains today are more complex, more interconnected and more exposed to disruption than ever before,” explains Adam Whitfield, Head of Global Compliance and ESG at Achilles.
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