31 Mar Managing Supply Risks in Global Supply Chains
As the COVID-19 has already had a massive impact on Global Supply Chains, it brings out how companies are heavily dependent on China and how today’s supply chains are so fragile. The growing difficulty of sourcing finished or semi-finished products has increased supply chain risks and breakdown, and the need to create a solid business continuity plan to business operations.
Improving flexibility in supplier relationship and communication, proactive search for new supply networks and dynamic and strategic sourcing processes are important factors to run successful supply chain risk mitigation. In this context, agile supply chains need to quickly build alternative scenarios by using a centralized data collection that guarantee a third-party continuous monitoring, and risks associated with the geographical area in which they are based.
Due to the expertise in supply chain processes and control tower tools, TESISQUARE launches the Supply Chain Geo Risk Map, a cloud-based solution that allows you to assess the supply risk dependant on location and estimate impacts that could occur over short-medium term through smart geolocation solutions.