Recent disruptions have underscored the vulnerability of global supply chains. Building resilience is imperative, and companies are reevaluating their supply chain strategies to ensure continuity in the face of unforeseen challenges.
Localized Production: Reducing dependence on a single global supply chain is a growing trend. Companies are diversifying suppliers and considering localized production to mitigate risks. This approach enhances agility and reduces the impact of geopolitical and logistical disruptions.
Technology-Driven Solutions: Advanced technologies such as IoT, AI, and data analytics are instrumental in creating resilient supply chains. Real-time monitoring, predictive analytics, and demand forecasting enable companies to respond swiftly to disruptions and optimize inventory management.