Supply Chain Management Framework

1. Supply Chain Management Framework Introductjon Supply chain disruptjons can have a signifjcant impact on a company’s performance, reputatjon, and profjtability. Whether it’s a natural disaster, a pandemic, a cyberatuack, or a trade war, unexpected events can cause delays, shortages, quality issues, and increased costs in the supply chain. According to a McKinsey report, the average company can expect to lose 42% of one year’s earnings over a decade due to supply chain disruptjons. To avoid these risks and gain a competjtjve edge, companies need to build a resilient supply chain that can withstand shocks and adapt to changing conditjons. A resilient supply chain is one that can sense, respond, and recover from disruptjons quickly and efgectjvely, while maintaining or improving customer service and operatjonal effjciency. A resilient supply chain can also enable innovatjon, sustainability, and growth by leveraging new technologies, capabilitjes, and opportunitjes in the market. But how can companies achieve supply chain resilience? What are the key elements and steps involved? In this artjcle, we will provide a framework for building a resilient supply chain and explain how it can improve your company’s botuom line. Read more@ htups://sunbridgeglobal.com/supply-chain-management-framework/