Global supply chains are by their very nature complex, but data analytics offers an opportunity to simplify planning and forecasting, and create more resilient sourcing, production and distribution, says Melissa Koeman, client executive with Varis.
With the stakes rising from temporary revenue dips to more serious product shortages, it’s time for a shift in our approach to this “new normal” of supply chain instability.
Passage of the CHIPS Act came at an opportune time, as chip manufacturers had suspended plans to build new fabrication plants in the U.S., saying they wouldn’t proceed without U.S. government subsidies.
Supply chain companies can proactively prepare for and prevent cyberattacks, and respond if vulnerabilities are detected, with the help of pen testing as a service (PtaaS).
Lone hackers, rogue nations and cybercrime syndicates have a big agenda in common: Alone or collectively, they can bring the global supply chain to its knees.
Retailers and suppliers face multiple headwinds, but they should be looking at the situation as an opportunity to cut costs and streamline supply chains, says Jason Murray, chief executive officer of Shipium.