Seek single points of supply failure
Forecast what happens if Ukraine war drags on
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“ 66 % of procurement teams rate reducing supply risk as their number one priority right now ”
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Seek single points of supply failure
Are you over-reliant on any particular supplier or geography ? Have you neglected opportunities to build resilience or agility into your supply base ? Can you regionalise your supplies ? 66 % of procurement teams rate reducing supply risk as their number one priority right now . If you don ’ t , you probably haven ’ t been paying attention .
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Forecast what happens if Ukraine war drags on
After five months of the war there doesn ' t appear to be an easy conclusion in sight and this situation could easily continue into 2023 / 24 or even longer . How much longer could it go on ? What implications would a long war have on your business ? It may well be that planning 3-5 years ahead ( the norm in many industries ) is simply not sufficient . supplychaindigital . com 137