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#COVIDー19 reinforces the case that all companies need to understand, at a minimum:
- Who their key suppliers are (including 1st, 2nd & 3rd-tier resources)
- Where those suppliers are located, how close they are to each other geographically (continued) #protiviti #SupplyChain
- Who their key suppliers are (including 1st, 2nd & 3rd-tier resources)
- Where those suppliers are located, how close they are to each other geographically (continued) #protiviti #SupplyChain
- What alternative & qualified sources are available in the event of a crisis (this includes determining what 2nd sources exist outside of primary markets for supply, distribution & production, as well as what local sources could be tapped in the company’s major markets)
- How quickly can the business pivot to using alternative sources
- What potential risks are involved in using alternative sources (e.g., product quality issues, higher cost of materials)
- How long the company could operate following a severe & prolonged supply chain disruption
- What potential risks are involved in using alternative sources (e.g., product quality issues, higher cost of materials)
- How long the company could operate following a severe & prolonged supply chain disruption
