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ARTICLE ADIn an increasingly interconnected global economy, supply chains are the lifelines of industries ranging from manufacturing and technology to retail and healthcare. These intricate networks of suppliers, transport systems, and logistical operations enable companies to deliver products and services to customers. Yet, with their complexity and global reach, modern supply chains are increasingly vulnerable to disruptions, posing a significant threat to business continuity. Recent years have underscored the critical importance of a resilient supply chain, with events like the COVID-19 pandemic, geopolitical tensions, and natural disasters exposing deep vulnerabilities.
In this article, we will explore the critical factors that are heightening supply chain risks, the potential impacts of these vulnerabilities on operational continuity, and strategies businesses can adopt to build more resilient and adaptable supply chains.
A supply chain is only as strong as its weakest link. With the rise of globalization, companies have increasingly relied on diverse suppliers from around the world to reduce costs, optimize efficiency, and leverage local expertise. However, this global dependence also introduces significant…