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Supply Chain Management Risks

oboloo Glossary

Supply Chain Management Risks

Supply Chain Management Risks are the uncertainties that arise from changes in supply, production, and distribution networks. This includes disruption of supply due to natural calamities, political unrest, financial instability, and other unexpected factors. To effectively manage these risks, organizations need to develop a comprehensive risk management strategy in order to identify potential threats, assess their impact on current operations, and create mitigation plans. Moreover, businesses should also consider investing in resources such as up-to-date technology or personnel training to ensure they can quickly respond to any issues that might arise.

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