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About Risk To Supply Chains
Climate change poses a greater risk to supply chains than COVID-19 according to studies by DHL, McKinsey, and others. Extreme weather events are expected to disrupt supply chains more frequently, with losses of up to 42% of annual earnings expected each decade. The pandemic has accelerated changes already underway toward more resilient supply chains, including diversifying suppliers and locations, nearshoring production, and increasing inventory levels. Concerns over single-source dependencies and trade conflicts are also driving companies to adjust supply chain strategies.
Detailed Information
Author: | ['Aayush'] |
---|---|
Publication Year: | 2021 |
Pages: | 4 |
Language: | English |
Format: | |
Price: | FREE |
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