Balance the Focus on Supply Chain Efficiency with Risk

In establishing a supply chain strategy, concerns for efficiency need to be balanced against risk. The recent global market disruptors of a pandemic and sharp economic downturn have laid bare whole-enterprise vulnerabilities directly attributable to supply chains unprepared for a black swan event or an immediate, unanticipated shift in demand. In the face of widespread supply chain stoppages, too many organizations have seen supply chain disruptions become matters of organizational survival.

From APQC’s Supply Chain Planning: Blueprint for Success, this article describes a performance driver for better supply chain planning performance.