Supply chain leaders are under more pressure than ever to lower costs, expand margins, and balance growth and profitability — all while facing skilled labor shortages and rising materials and logistics costs.
A shift to shorter supply chains not only helps manage the unpredictability of costs, but also strengthens supply chain resilience by reducing dependency on distant suppliers.
That figure would cover the cost of 13 border-related programs to deal with physical checks on plant and animal imports and safety and security declarations.
Building structural resilience, and putting the right solution in place to suit your unique brand now will ensure that firms can emerge from a volatile economy and recession stronger.