In the late 1980s and early 1990s, the idea that the supply chain could be a growth driver for a company was just in its infancy. Then, companies like Walmart, Amazon, Apple, and Zara, among others, started to realize that supply chain functions could be used to improve customer service and therefore improve customer retention and growth.
When clothing designers place an order at Katty Fashion’s factory in Iași, Romania, they expect a bespoke service. If necessary, the factory will even rejig its production lines to make whichever garment a designer commissions.
Canadian companies need supplier diversification to combat political instability and market changes. Experts must create a goal of establishing a robust portfolio of accessible, trusted vendors that align with their values. Professionals make businesses more resilient if they make the right connections.
Cyberattacks in the supply chain are becoming increasingly widespread, with several in the industry being impacted by a ransomware attack originating from a software supply chain partner in the past year.
With a pandemic that upended global trade through lockdowns and travel restrictions still fresh in managers’ minds, international supply chains are again under pressure.
As hospitals and health care facilities work to get back up and running after Hurricane Helene slammed into Florida's Big Bend, affecting several states, the medical supply chain could be at risk.
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