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This article explores the complexities of building robust supply chains that can withstand the unpredictable tides of the global economy. It discusses strategies for proactively identifying and managing risks, such as conducting a thorough risk assessment process, understanding and adjusting risk tolerance, and leveraging advanced analytics. Additionally, it highlights the importance of having a comprehensive understanding of the supply chain’s vulnerabilities, such as geopolitical stability, natural disasters, market volatility, and technological disruptions.
