How diplomacy is changing the language of supply chains
Words are important. The names we give to things ascribe meaning to them, but they ...
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What happens to your supply chain when nature strikes? Volcanic ash clouds; earthquakes and tsunamis; floods, floods and more floods; and yet astonishingly only 8% of companies surveyed by insurer Zurich Group had even asked their suppliers what business continuity plans were in place – and even if they had asked, the answer would probably be “None”. Risk mitigation strategies include being less lean and building up inventories, diversifying supplier bases and considering near-sourcing.
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