However, with greater strategic value comes greater reliance on their performance.
If a key supplier fails to deliver, your entire supply chain could come to screeching halt.
You don’t have to look much further than the global effects of the Suez Canal blockage or the impact of the U.S. semiconductor shortage to see that there’s a need for a proactive strategy.
You need a crisis management playbook to stay one step ahead of any disruptions.
This will look different to every organization but here’s a collection of our 10 golden rules of supplier risk management to get you started.