oboloo Glossary

Supply Chain Mitigation Strategies

oboloo Glossary

Supply Chain Mitigation Strategies

Supply Chain Mitigation Strategies are business practices that help to reduce the risks associated with global supply chains. These strategies range from actively looking for alternative suppliers and diversifying production to building strong relationships with international vendors and engaging in proactive risk management processes. By using these strategies, businesses can better manage the many variables that impact their operations, allowing them to maintain a reliable and consistent supply of goods or services. At their core, these strategies are designed to ensure that companies are able to respond quickly and effectively when faced with any disruption in their supply chain.