Whether the shocks come from natural or political earthquakes, companies need to act quickly to protect from tremors being felt across their supply chain. This Access Group whitepaper looks at how organisations can manage and mitigate the impact of global disruptions.
Over the last year, the world has witnessed a rise in nationalism and a retreat from the principles of free trade. We've seen Britain vote to leave the EU and the US withdraw from the Trans-Pacific Partnership, following the election of Donald Trump.
The consequences of these decisions have already had a very real impact on global supply chains, with both Pound Sterling and the Chinese Yuan crashing against the US dollar. Uncertainty and confusion
remain over the implications these decisions will have on future tariffs, taxes and quality standards, however.
Over the next few years, manufacturers will be forced to continuously recalculate how volatility will increase the tendency for disruptions, affect their production costs and their ability to get finished products
to market. It's little wonder that global supply chain risk was found to have reached its highest level in 24 years at the end of 2016, according to the CIPS Dun & Bradstreet Risk Index.
How businesses respond remains to be seen but it is highly possible that increased political tensions and protectionism globally will exacerbate the trend towards local sourcing. Supply chain thought leaders have
also highlighted a rise in the 'digitisation' trend, as companies seek to manage and mitigate global supply chain disruptions.
This paper will examine the impact of global shocks on supply chains and will share advice from Geraint John, supply chain risk expert at Gartner's SCM World, on how organisations can prepare for uncertainty.
DOWNLOAD the White paper by The Access Group
The Access Group is a UK company writing and installing B2B software for SMEs. The Supply Chain Division specialises in MRP, ERP, WMS and production planning and scheduling software.
Access works with companies in manufacturing, retail, wholesale, and logistics across engineering, food & drink, pharmaceutical, aerospace, textiles, automotive and construction.