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Overexposure means risk
Research from Resilinc, a company that maps out global supply chains, found that the world’s largest 1,000 companies or their suppliers own more than 12,000 factories, warehouses and other facilities in currently quarantined areas. This is particularly true for US companies, which are significantly more exposed than others.
But businesses all over the world are affected, from medical and electronic device makers to auto parts suppliers. Writing in the Harvard Business Review, Resilinc CEO Bindiya Vakil and Resilinc Senior Adviser Tom Linton note that manufacturers from more than a dozen industries are now facing a supply crisis that stems from a challenge in their sourcing strategies. Many businesses are evaluating their supply chain model in a new light.
Read the complete article from Hussain Rajab at MEED>>