Identifying Types of Risks
When considering supply chain risk for distributors, many different challenges can be categorized as “risks” including more obvious challenges such as natural disasters, continuously monitored risks like fluctuating transportation costs, or more subtle risks involving the evolution of demand for certain products.
As distributors continue to enhance services to customers to remain competitive in today’s market, constant diligence is necessary to maintain a streamlined and efficient supply chain that is resistant to disruption.
Mitigate Risks with Technology
Having an optimized supply chain is necessary to hit these benchmarks; and the most effective means to mitigate supply chain risk, no matter the type of challenge, is with an integrated and agile technology environment.
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