Supply chains can be said to form the backbone of any business. After all, it is difficult to conduct any business operation without having a reliable source of materials and the means to move those materials and finished goods to their destinations. Supply chains can also be dynamic and change over time. New trends constantly emerge and replace older ways of doing business. The following are two of the biggest trends propelling supply chain and logistics into the future.
Supply chain risk management is a current trend occurring in supply chains all over. It is the identification, monitoring, detection, and action taken against threats to a company’s supply chain. Supply chains can be susceptible to a number of events. They include natural disasters, price increases, material shortages, labor strikes, and the closure of suppliers due to insolvency.
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