Was your company walloped when China’s businesses and factories shut down in the wake of the coronavirus outbreak? Is there anything you can do to keep this from happening again?
The answer is yes. Companies can learn from this unsettling experience, and there are several key things leaders should do today.
Our latest GEP Bulletin — Ensuring Supply Continuity: 4 Actions You Must Take Now to Mitigate Supply Risks — contains your action plan for making your business more resilient and your supply chain more durable.
Diversifying supply sources, keeping closer tabs on Tier 2 suppliers, obtaining the right insurance coverage — these should all be part of your strategy, and we’ll explain exactly why.
Now that you’ve seen what overreliance on one geographic region can cost you — take the necessary steps to mitigate this risk and put the right safeguards in place.
Get guidance now.