Managing Risk in the Industrial Manufacturing Supply Chain
Managing Risk in the Industrial Manufacturing Supply Chain
14 PagesSupply chain resilience is essential for industrial manufacturers, yet complexity and limited visibility into sub-tier suppliers hinder disruption-free production. The COVID-19 pandemic highlighted these challenges, with two-thirds of manufacturing CEOs prioritizing supply chain resilience. Risks such as long lead times, vulnerable sub-tier suppliers, and geopolitical uncertainties remain significant, with 87% of CEOs expressing extreme concern. Sphera advocates for digitalizing supply chain risk management to enhance visibility, agility, and resilience, helping manufacturers better navigate these ongoing challenges.
