For many manufacturers and distributors, the supply chain is the cornerstone to their business operations. It serves as the main conduit for sourcing goods and materials as well as the primary channel for moving product out to customers.
So it’s fully comprehensible that operating a secure supply chain is of the highest priority. Breaches in the system can cripple operations and disruption of supply chain processes would most assuredly, have a significant impact on a company’s performance. Breakdowns within the network can affect an organization’s ability to run a lean operation and control costs, adhere to delivery schedules and expeditiously fulfill customer orders, safely ship product and protect intellectual property, maintain brand integrity, and run a socially responsible supply chain. Those failing to employ protective measures place their organization at great risk.
In a recent study conducted by Peerless Research Group on behalf of Logistics Management and Supply Chain Management Review for BSI’s Supply Chain Solutions Group, supply chain and logistics managers are in agreement that global supply chains are becoming progressively complex causing more potential points for disruption along the supply network. Awareness of risk and threats, and solutions to help identify and prevent supply chain interruptions are essential for successful supply chain management.