In a volatile, uncertain, complex, and ambiguous (VUCA) business landscape, every supply chain organization faces at least some amount of risk. Disruptions to any link in the supply chain—even among lower-tier suppliers—can cause ripple effects that threaten a company’s profitability. Organizations that are well-positioned to withstand disruption when it occurs can get back to business sooner and enjoy competitive advantage over those that are slower to respond.
LRQA and APQC co-hosted a webinar to explore the intricacies of supply chain risk and the strategies organizations can employ to enhance resilience. This webinar summary details the insights shared about how practices such as supplier audits, benchmarking, and knowledge sharing drive supply chain resilience.