Taking a Bite Out of Supply Chain Risks During the Holidays
As food and beverage companies head into the holiday season, the influx of demand can stress their supply chains. Always important, effective supply chain risk management strategies become critical during such periods.
According to a study by Zurich, causes of supply chain failures may include unplanned IT and telecommunications outages, cyber-attacks, adverse weather, product quality incidents, and lack of credit. These events, as well as unexpected disruptions such as port congestions, reinforce the need for food and beverage companies to ensure that their supply chains have sound continuity and risk transfer plans.
In “Taking a Bite Out of Supply Chain Risks During the Holidays,” we discuss four ways food and beverage companies can manage supply chain risks:
- Know your suppliers.
- Identify potential points of failure.
- Monitor your inventory.
- Transfer the risk.
For full details on how to protect your supply chain, read or download “Taking a Bite Out of Supply Chain Risks During the Holidays.”