Disaster-Proof Your Supply Chain: Strategies for Reducing the Chances of Disruption

Whether it’s a hurricane headed for your warehouse in Texas or political unrest threatening your manufacturing plant in India, all organizations are potentially vulnerable to disasters in their supply chain

In August 2015, for instance, Typhoon Soudelor hit Taiwan, causing massive disruptions to the global supply chain with a financial impact of more than $20 billion that required 29 weeks of recovery time.

Consider these three tactics to minimize exposure to critical or overly risky links in your supply chain.

Step 1: Find the Gaps and Quantify Risks

Large-scale natural disasters teach us that managing catastrophic risk requires a proactive strategy rather than a reactive one.

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